$TCL - Transurban increasing their pricing might bump it

Not a share I’m excited by, but could be a bit of short term bump in the price with their announcing their increased pricing. I know that several brokers consider them quite a good defensive stock and the current chart would seem to indicate that they are in an upward trend and the value is probably fairly good at the moment. Depends of course on how the market reacts to the news. I typically wait until after 11 AM to see what the direction of the market is.

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I didnt buy this as I prefer the discovery type stocks but it moved up nicely for a 5-6% gain. On the way back down again I suspect. Could be a good stock to swing trade but only around 5% or so in the moves.

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Its broken through that $12 resistance mark quite nicely and now is trying to form support at $12.50. It bounced off $12.60 and came back down. Bit of volume of the lower level 15 min type charts. Could be an interesting next couple of days.

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Been having a good run. Up 40% YTD so far and just broken resistance at $15.50.

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Bit of a pause, but back pushing highs

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: