TLTOn the 4H Chart, TLT is sitting on minor support with major support below that.
It is near to the bottom of open Bollinger Bands and is inclined to move through
the basis line closer to the upper band.
Significant resistance is 5 and 15% upside.
I see a swing long trade with the stop loss below the major support and targets
before the major resistances, yielding a very good reward for risk.
Call options are another possibility to consider.
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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.