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.