Looking at
TKG on the weekly chart price is currently moving within the upper bound of the channel. Zooming into the daily chart price is forming an ascending triangle. A long pos can be initiated when price breaks out of the setup and closes >5600. In the near term price needs to close above the SR level of 5700 and look to test 6000 for validation of sustained positive price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.