TWE Simple Analysis
This is my first published idea so be kind. Always appreciate feedback.
This is not financial advise, just my thoughts and opinions.
TWE is looking good after a brief period of consolidation around the 17 mark.
It has rising volume and is showing signs of a good move up early next week. Today the price moved well above the recent consolidation zone (see chart). Today's volume is still a little low for me to say it is a confirmed breakout.
All indicators showing an upward trend (see chart).
I will be keeping an eye on this one next week and if it continues it's move up with good volume I will be going long on TWE.
Happy hunting,
John
This is not financial advise, just my thoughts and opinions.
TWE is looking good after a brief period of consolidation around the 17 mark.
It has rising volume and is showing signs of a good move up early next week. Today the price moved well above the recent consolidation zone (see chart). Today's volume is still a little low for me to say it is a confirmed breakout.
All indicators showing an upward trend (see chart).
I will be keeping an eye on this one next week and if it continues it's move up with good volume I will be going long on TWE.
Happy hunting,
John
Note
Well, after the week of mixed efforts by TWE it looks like it's not done building up for it's next move. It will still definitely be one to watch but I personally have kept my powder dry until we get a clear confirmation one way or the other.
Plenty of other golden opportunities out there at the moment and we don't want to spend too much time waiting for a set up that may or may not eventuate.
I will keep an eye and update when we get a move.
Enjoy the day,
John
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.