[isatrader]

TNGO back at its neckline?

I make the 4A breakdown point a bit higher when it closed below $16 in April, as it formed a higher Stage 3 range after that initial collapse in November, and then the 30 week MA turned down in March. So I'd say the neckline is up around the $16-$17 zone as it made three swing lows in that zone, and hence should provide the best resistance imo. Also, Friday's candle was a big reversal.

Attached is the charts

           

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Cheers