TTAN has remained in a prolonged downtrend since peaking near 131 following the post-IPO rally in July 2025. After months of persistent selling, the stock is now testing a technically significant support area that could become the foundation for a meaningful recovery.
From a long-term perspective, price has been trading within a falling wedge—a pattern that is typically considered bullish when it develops after an extended decline. The stock has respected the lower boundary of this wedge several times.
Within the larger falling wedge, an Inverse Head & Shoulders pattern is also taking shape. This adds another layer of confluence, as both formations point toward a potential bullish reversal if confirmed.
The last trading session on 2th June further strengthened the bullish case, with trading volume surging to more than five times the daily average. Such an exceptional volume spike often reflects institutional accumulation rather than ordinary retail buying.
As long as 60 holds on a daily closing basis, the bullish thesis remains intact. My initial upside target is 83, where the neckline of the Inverse Head & Shoulders and a significant resistance zone converge.
I'll reassess the setup if price reaches that area. For now, the objective is to capture the recovery toward 83, while waiting for confirmation before projecting a larger trend reversal.
Key Levels
Support / Invalidation: 60 (daily close)
Initial Target: 83 a.k.a HnS Neckline
Next Step: A decisive breakout above 83 would confirm the reversal and shift the long-term trend back in favor of the bulls.
The broader trend remains bearish for now, but the combination of a long-term falling wedge, a developing Inverse Head & Shoulders, and exceptionally strong buying volume makes TTAN one of the more compelling recovery setups on the watchlist.
From a long-term perspective, price has been trading within a falling wedge—a pattern that is typically considered bullish when it develops after an extended decline. The stock has respected the lower boundary of this wedge several times.
Within the larger falling wedge, an Inverse Head & Shoulders pattern is also taking shape. This adds another layer of confluence, as both formations point toward a potential bullish reversal if confirmed.
The last trading session on 2th June further strengthened the bullish case, with trading volume surging to more than five times the daily average. Such an exceptional volume spike often reflects institutional accumulation rather than ordinary retail buying.
As long as 60 holds on a daily closing basis, the bullish thesis remains intact. My initial upside target is 83, where the neckline of the Inverse Head & Shoulders and a significant resistance zone converge.
I'll reassess the setup if price reaches that area. For now, the objective is to capture the recovery toward 83, while waiting for confirmation before projecting a larger trend reversal.
Key Levels
Support / Invalidation: 60 (daily close)
Initial Target: 83 a.k.a HnS Neckline
Next Step: A decisive breakout above 83 would confirm the reversal and shift the long-term trend back in favor of the bulls.
The broader trend remains bearish for now, but the combination of a long-term falling wedge, a developing Inverse Head & Shoulders, and exceptionally strong buying volume makes TTAN one of the more compelling recovery setups on the watchlist.
Trade aktif
TTAN has been moving in the right direction since the post, about to hit the target.Trading ditutup: target tercapai
hits the targetCatatan
Watching for the neckline breakout
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.