TRI could be ready for a 37% move toward 86pHard to ignore this massive volume spike, which was over 7 times the average traded.
What makes this particularly interesting is that the volume came in at a slightly higher price level than the previous reversal at the end of March, suggesting support is building between these two price points. Tight price action, small rejection wick, and if you zoom right out this also sits on a long term support level.
Price target: 86p
Potential reward: 37%
Long
