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Descending Triangle in TBK Stock
For the Triumph Bancorp Stock, it is visible how the price is following a descending triangle strategy. We are recommending a short position on the stock after the price crosses the horizontal line and reaches approximately $26.74 as the entry price. If the price rebounds upwards, the stop loss is recommended at the lowest maximum price at $30.21 approximately. If the price drops, as it is predicted, we recommend a take profit when the price reaches $19.22 approx.
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