TGR Possible Break of Resistance

After a period of consolidation and multiple rejections of resistance, TGR is having another crack. If it is able to break through 23.6 Fibs, the next level of resistance is at 38.2 Fibs. While the Gravestone Doji doesn’t provide a lot of confidence, it does show that the bulls were able to regain the control for the day. Rising OBV and the bulls controlling the past few days of volume provides more incentive. Placing the buy price above resistance allows you to catch the break without the risk of getting in too early.

Buy Price: $4.43
Stop Loss: $4.30
Target: $4.56