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Diamond tops formation seems developing for TGL.TO
Not sure whether there is a single person on this website who even ever heard about this Canadian oil company but I just find it interesting that a diamond formation seems to be in progress on its daily chart. The pattern resulted from TGL's recent fail to penetrate what seems to be the oldest support-turned-into-resistance trendline. But given the indicators trend, the resistance is expected to eventually fail after longs pay a tribute visit to the $2,00 area.
Though not as rare as diamonds of the real world, such patterns are still not as frequent as triangles, flags, wedges, H&S etc.
Though not as rare as diamonds of the real world, such patterns are still not as frequent as triangles, flags, wedges, H&S etc.
Nota
The price is very likely to bounce off the uptrend line in the $2.20 area, hence, never dropping to $2.00 as initially indicated above.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.