🔹 Trade Summary
Setup:
Ascending triangle forming over several months
Price consolidating near major resistance
Strong analyst buy rating with 1-year target at $203.94
Entry:
Buy on daily close above $169.42 (breakout trigger)
Stop-loss:
Below $159 (invalidate the setup)
Targets:
$203.94 (analyst target / recent highs)
Risk/Reward:
Approx. 1:3.5 (risking ~$10 for ~$34 gain)
🔹 Technical Rationale
🔹 Ascending triangle pattern suggests bullish continuation
🔹 Flat resistance at $169.42 now being challenged
🔹 Daily timeframe, recent higher lows showing building pressure
🔹 Catalysts & Context
🚦 Analyst “Strong Buy” rating with 1-year upside potential of +22.96%
🛢️ Energy sector momentum, especially in midstream & LNG plays
📰 Potential earnings/corporate updates could drive breakout
🔹 Trade Management Plan
Entry: Buy only on daily close above $169.42
Stop-loss: Below $159 — trail up if price closes above $180
Scaling: Take partial profits at $185, remainder at $203.94 (target)
What’s your view? Are you watching
TRGP? Comment below or vote:
🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation
🔹 Disclaimer
Not financial advice. Trade at your own risk.
*** Don't forget to follow us for more trade setups ***
Setup:
Ascending triangle forming over several months
Price consolidating near major resistance
Strong analyst buy rating with 1-year target at $203.94
Entry:
Buy on daily close above $169.42 (breakout trigger)
Stop-loss:
Below $159 (invalidate the setup)
Targets:
$203.94 (analyst target / recent highs)
Risk/Reward:
Approx. 1:3.5 (risking ~$10 for ~$34 gain)
🔹 Technical Rationale
🔹 Ascending triangle pattern suggests bullish continuation
🔹 Flat resistance at $169.42 now being challenged
🔹 Daily timeframe, recent higher lows showing building pressure
🔹 Catalysts & Context
🚦 Analyst “Strong Buy” rating with 1-year upside potential of +22.96%
🛢️ Energy sector momentum, especially in midstream & LNG plays
📰 Potential earnings/corporate updates could drive breakout
🔹 Trade Management Plan
Entry: Buy only on daily close above $169.42
Stop-loss: Below $159 — trail up if price closes above $180
Scaling: Take partial profits at $185, remainder at $203.94 (target)
What’s your view? Are you watching
TRGP? Comment below or vote:🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation
🔹 Disclaimer
Not financial advice. Trade at your own risk.
*** Don't forget to follow us for more trade setups ***
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.
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.