TORNTPOWER
TORNTPOWER
While this is a expanding ascending wedge, but i have a conviction this will not breakdown rather breakout.. 1. excellent management team with good earnings n growth and diversified power generation with distribution, but i would rather not discuss the fundamentals here..
2.the ML of pitchfork has not been broken for the past 2 years and i dont find any reason why it wouldnt give support now..
3. the bounce is expectd to halt at the 618line of the schiff pitchfork which lines up with a lot of pivot resistance and fibo levels..
Still, it would be an safer choice t monitor whats happening with the lower support trend line
Discalimer... Invested and trading active... Not an investing/trading recommendation..