TORNTPOWERTORNTPOWERWhile this is a expanding ascending wedge, but i have a conviction this will not breakdown rather breakout..1. excellent management team with good earnings n growth and diversified power generation with distribution, but i would rather not discuss the fundamentals here..
2.the ML of pitchfork has not been broken for the past 2 years and i dont find any reason why it wouldnt give support now..
3. the bounce is expectd to halt at the 618line of the schiff pitchfork which lines up with a lot of pivot resistance and fibo levels..
Still, it would be an safer choice t monitor whats happening with the lower support trend line
Discalimer... Invested and trading active... Not an investing/trading recommendation..
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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.