An ascending broadening megaphone that shows potential for continuation of bullish movement Price is currently trending along the bottom line and wants to climb back up into the megaphone and hopefully break out the top eventually I have placed the bars pattern showing potential recovery action
Support line on 11,32 and srtong growing trend. Take profits 12,14$ and 13,35$. Stop loss 11$. P/L ratio 2:1 and 5:1.
I believe Transalta Corp is well situated for significant bullish momentum in both the short and long term, so I'm taking a long position on this stock. The bulls seem to be defending the gap below, and resistance lines and a gap above are tempting bulls to make a play for new support. During bullish times I'm optimistic about alternative energy stocks, as...
TAC: TransAlta Corporation 2019-12-17 20:22:00 TransAlta Increases Free Cash Flow Guidance to $350 million to $380 million
All the information is on the chart. Also, checkout our YT channel .
-Price hit Fibonacci level -Swinging between triangle formation -Buy at $7.50 -1st Sell at $7.75 -2nd Sell IF price breakout at $8.11
see notes below-n canada usa australia
see important see notes below-follow gap stop loss-stoc crossed at bottom -dmi crossed hard
I don't trade equities much anymore but like to keep a couple on hand for long term positions. This stock has been beaten up for a long time but may finally be finding a bottom. It is a Canadian Utility company and they turned a profit in the last quarter. They have a dividend yield of over 11% so it looked like a great price to buy a stock to hold onto for a while.