TLT Is Bouncing From Key Support As Expected
We have been talking a lot about bullish setup formation on Treasury bond TLT in the last couple of months. We also shared a free chart on April 25, where we mentioned and highlighted key support within an A-B-C corrective decline. CLICK HERE
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As you can see today, TLT is nicely bouncing and recovering after we spotted a completed A-B-C corrective decline. With current break above channel resistance line, seems like it’s getting ready for a new impulsive rally that can send the price back to yearly highs and 100 area.
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On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
