TRCO Bullish SwingBig gap yesterday. With how long it battled this resistance zone, it's a safe bet that it'll retest. Looking for the bounce off the old resistance, new support. LOTS of room to run higher than the 2R target.
TRCO
Expecting boom after long consolidation of Tribune Media stocksUsually after such channels, there is a great movement.
But we are not very greedy :)
Supporting signals:
1-gap
2-double bottom
Buy 40.00 breakout of top channels line
Stop loss 37.50 (the middle price of the channel)
Target 50.00 (sizing+strong resistance)
Risk\return ratio 1:4
