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Targa Resources, Inc.

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TRGP trade ideas

Targa Resources Corp. WCA - Ascending TriangleCompany: Targa Resources Corp. Ticker: TRGP Exchange: NYSE Sector: Energy Introduction: In today's examination, we focus on Targa Resources Corp. (TRGP) listed on the NYSE, a key player in the energy sector. The weekly chart exhibits a bullish breakout from an Ascending Triangle pattern, which has been forming over the past 66 weeks. Ascending Triangle Pattern: The Ascending Triangle is a classical charting pattern characterized by a horizontal resistance line and an upward-sloping support line. In this case it serves as a bullish continuation pattern. Analysis: Targa Resources' previous trend was upward, symbolized by the green diagonal line. This upward trend was momentarily halted by a consolidation phase forming the Ascending Triangle pattern. The upper horizontal boundary of the pattern is around 80, with 4 touch points, while the lower diagonal boundary ranges between 55-76 and also has 4 touch points. The price is well above the 200 EMA, implying a bullish environment. Currently, the price appears to have broken above the horizontal boundary, favoring a long entry. The price target for this bullish setup is at 103, which corresponds to an estimated rise of 30%. Conclusion: The weekly chart of Targa Resources presents an attractive bullish breakout opportunity through the Ascending Triangle pattern. This setup, validated by a breach above the horizontal boundary, could offer a rewarding long trading prospect. --------------------------------------------------------------------------------------------------------------------------- Please remember, this analysis should be a part of your comprehensive market research and risk management strategy, and is not direct trading advice. If you find this analysis valuable, please consider liking, sharing, and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
NYSE:TRGPLong
by KarimSubhieh
4
TARGA RESOURCES CORPORATION Publication Hey guys, TARGA RESOURCES CORPORATION is in a fake bearish movement with low past sell volume and some kind of hammer candle. The TIMEFRAME M1 shows us a dragon with a large volume of purchases issued. It goes on the VWAP to go and test it. There is a great chance that it will break the VWAP if we pass the middle of the stabilization zone so we can go to the top of the zone for a first test. Great propability of breakout the stabilization zone for arrival on the next top. And if the buyers push may have an aggressive rally to the top of the bullish channel. Please LIKE & FOLLOW, thank you!
NYSE:TRGPShort
by stephanelibatd
trgp best level to buy 40% gains by projectsyndicatetrgp daily chart review. best level to buy for 40% gains update by projectsyndicate mirror levels 34//36 target is S/D zones 43//47.50 40/50% gain. put this on your watchlist solid setup. update brought to you by Projectsyndicate. B barnes group inc D1 short into resistance 25% box inc daily update by projectsyndicate hog daily best level to buy for 25% gain projectsyndicate gwb daily best level to buy 25-30% gain by projectsyndicate ntla daily best level to buy 40%/50% upside by projectsyndicate
NYSE:TRGPLong
by ProjectSyndicate