The PEAD projected a Bullish outlook for $TEL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
The up strongest up channel can be drawn with a formation that formed very early (2012)
Red horizontal lines are top points along the up channel
We currently just experienced a top point along this channel and price is falling from its touch
I have placed a green box where I think price will recover on this Weekly timeframe
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 16, 2022 with a closing price of...
TEL indicating a potential breakout of ascending triangle and break above linear regression mean after finding support at -2 standard deviation level.
*Confirmation of this breakout still needed to increase confidence of a run higher*
Analysis: Multiple bullish indicators suggesting high potential for break above linear regression mean to make new highs.
My...
Hey guys, TE CONNECTIVITY is on a bullish trend support, it is in full strength and bullish continuity. High volume of buying run, but we can see a further rise. There is a great likelihood of heading to the last precedent higher, if the buyers keep their momentum going they can look for the next point in the gap on its lower.
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Hello traders!
Today I have got for you another Recently closed trades video. Take a look at some of our recent trades. What was the logic behind entry, what is the trade management and what are the results?
Tickers:
NASDAQ:ALEC
NASDAQ:PS
NYSE:TEL
John
FINEIGHT Team
TEL has formed a nice cup and handle pattern. If it can breakout i'm looking for the $100 target level for roughly 5% gain and then the 102 level, which i'll put a trailing stop in once it reaches $100.
A small bat pattern is nesting inside a type t2 reversal off of a Gartley . Meanwhile, RSI has exhibits a complex structure in the overbought zone supporting the likelihood of price retesting the highs at a minimum. The 15m chart will tell if we get another entry opportunity. Given the range of the last few bars I think another chance at an entry isn't out of the...
