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TLT is in a short term uptrend and has pulled back to the 50-day moving average, which just about converges with the up-trend-line created over the last few months. Furthermore, there was a gap up on much higher than average volume.
In general, the trend is looking rather weak, so I would not be going for a very large profit target - but from a technical perspective, this could produce a pretty decent little trade.
TLT is in a short term uptrend and has pulled back to the 50-day moving average, which just about converges with the up-trend-line created over the last few months. Furthermore, there was a gap up on much higher than average volume.In general, the trend is looking rather weak, so I would not be going for a very large profit target - but from a technical perspective, this could produce a pretty decent little trade.
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