$TALGA - RC -
Added 2023-05-13 19:26:19 +0000 UTCI have two possible outcomes here, both are corrective waves and this is mainly due to the time this company has been on the market, I need more price action to determine whether or not this is in an impulse wave, so for now, I would lean on the side of being cautious. A break above the blue line wil be very bullish.
For now, I like that it has pulled back and has held at the 0.618 Fib and the blue line, which we can see is a now a support line from a previous resistance line from 2017 and 2018, so this is positive, if the price action can stay above this line, it can move a lot higher as shown.
