TIP - Treasury Inflation Protected Bonds
The obvious pattern here is a major breakout from an 8-month "cup&handle" accumulation pattern that implied a rally to 119 based on the 112-105 correction of 7 points. However, TIP fell short of hitting the target and now appears to have broken its short term upside momentum. I would use any further upside to sell, leaning against 116 as key resistance and using a 117 stop. I doubt 117 will be exceeded. Perhaps 1/2 stop at 117, 1/2 stop at 117.50. I would also imagine that 112 will be tested in the next 1-3 months to retest that breakout level.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.