TC Energy Corporation ( $TRP ) – stock is trading little over 50 dollars and offering a possible buying price between $51.46 – $54.03. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout in January from a deep correction.
3. Then the stock had a steady run after that until mid July.
4. The stock found support at the 50 day moving average during the run.
5. The stock lost the 50 DMA support when it started to digest the gains.
6. The stock, however quickly recovered and regained the 50 DMA support.
7. The stock is offering possible buying price between $51.46 – $54.03, with a stop loss at $47.34.
This stock is already part of our Stocks under 100 Dollars pick and performance will be tracked here.
