On the weekly chart TRV looks to be in a fairly linear trend, but some of the pullbacks have been too deep and would have stopped most trend traders out of their long positions.
The more recent consolidation can be seen on the daily chart. Since earnings were announced price has risen quickly, breaking out of the consolidation zone and breaking through the figure 100. However, this has been on lower volume, which is not ideal.
If price can stay above 100 and break the 31st October's all time high then a buy opportunity may well present itself.
The more recent consolidation can be seen on the daily chart. Since earnings were announced price has risen quickly, breaking out of the consolidation zone and breaking through the figure 100. However, this has been on lower volume, which is not ideal.
If price can stay above 100 and break the 31st October's all time high then a buy opportunity may well present itself.
