$TG – Breakdown Alert

$TG – Breakdown Alert

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$TG – Tredegar Corp. engages in the manufacture of polyethylene plastic films, polyester films, and aluminum extrusions.

Market Capitalization: 401.534M

Sector: Producer Manufacturing

TECHNICALS

On the daily timeframe, the price chart has been forming a Rectangle pattern since July of 2021, finding  support at the $12.18 price level. The daily close of $11.89 on Nov. 17th 2021 confirmed the breakdown from the Rectangle pattern with a possible price target of $11.22.

$TG – Breakdown Alert


UPDATE 11/19/2021

The price target of $TG was reached on 11/19/2021

$TG Price target reached

UPDATE 11/23/2021

$TG bounced off the price target that was reached on 11/19/2021. The alert was sent two days before.


Charts drawn using TradingView

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Charts drawn using TradingView

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