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Is TLN preparing to trend lower? 50 Day Moving Average Resistance shows up after sinking 1.73%
On Thursday, August 13th, TLN moved down 1.73% while volume shrunk to 0.6× the usual levels. Multiple bearish signals emerged — 50 DMA Resistance, Fell Below 200 DMA & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 352.54, 346.32 & 337.05, with resistance at 368.03, 377.3 & 383.52.
Current SwingTradeBot Technical Rating of TLN: D
There’s more where that came from. See all of today’s signals for TLN here.
Read full article here »