LSE:TW – Symmetrical Triangle

– Today TW. closed above descending trendline on volume
– Outperforming FTSE100
– Medium/Short-term trends are bullish
SUPPORT: 50eMA and ascending trendline
RESISTANCE: Historical level around 55
ENTRY: Live at market (assuming no Gap up tomorrow) or look for intraday retracement towards descending trendline
STOP: Beneath Tuesday’s candle around 49.5 or the 50eMA around 48.9
TARGET: 56 or 59, depending on how you decide to measure your triangles.

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