TBF is poised for a major breakout of its long-term downtrend channel short term bullish wedge. As interest rates continue to rise, TBF is poised to benefit. Both the fundamentals and the chart are beginning to align. I will be taking a position in TBF sometime this week.
Trade ativo
This trade idea remains active. TBF is breaking out of the wedge and the downtrend today. I will go long TBF at the close of trading on the NYSE (4:00 PM EST) if the price remains in a breakout position.
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