TRD has been in an rising channel for 6 years. The high of Dec 16/Jan 17 touched the top of the channel and resulted in a pull back and consolidation of 18 months. Price has reacted to the channel and formed a rounded bottom/cup. Likely outcomes are to form a 'handle' for the cup, or for price to move straight up, targeting the upper channel boundary.
The fundamentals of this company are excellent, particularly the amount of cash they have in comparison to their market cap.
A break of the lower channel boundary would be very bearish.
The fundamentals of this company are excellent, particularly the amount of cash they have in comparison to their market cap.
A break of the lower channel boundary would be very bearish.