Ascending triangle formation in the TWE chart. High probabilty trade on the back of the market anticipating a positive close out of their class action dispute and potential market tailwinds with lockdowns easing. Waiting for the break out with bullish candle confirmation.
Trade closed: target reached
Target more or less reached. A couple of cents shy, nonetheless just over a 20% gain. Latest TWE report was solid enough considering the macro. Chart still looks bullish, however, at this point I'd rather move the capital onto another high probabilty trade.
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.