$TLT found resistance at the 200 Day MA at $92 and is pulling back in a controlled manner, so far in a 3 wave pull back.
So I have added in the support levels and as always, we want to see a hold between the 0.5 Fib and 0.618 Fib range.
But we can see that the 50 Day MA is in between $88 - $89 so this will also be of interest too.
If there is a hold between $87 - $89, then I believe there is a move to the upside
I like the Risk V Reward here and the +3.7% dividend too.
Hannes Van Lierde
2025-03-26 12:18:38 +0000 UTC