TOMCL is showing a developing Cup & Handle formation on the daily timeframe after a prolonged correction. Price has formed a rounded base and is currently consolidating near the neckline resistance zone. A breakout above the highlighted resistance levels may trigger further upside momentum.
Trade Setup:
🔹 Entry Zone: 35.80 (already did during Market)
🔹 Stop Loss: 33.50
🔹 Targets:
• TP1: 38.80
• TP2: 40.50
• TP3: 43.00 – 44.00
Extended Targets:
• 46.00
• 49.00
Disclaimer:
This is an educational trade idea based on technical analysis and is not financial advice. Always conduct your own research and use proper risk management before taking any trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.