$TRB STRONG RALLY STALLING AT RESISTANCE: TIME FOR CONSOLIDATION?
$TRB is currently trading at $50.55, up +17.26% over the past 24 hours. After a rapid surge from the $42.49 low to a high of $56.87, the price has pulled back slightly and is now consolidating below the $51.00 resistance. Buyers remain active, but momentum is pausing as bulls catch their breath.
Key Technical Levels:
• Immediate Resistance: $50.80 – $51.30
A breakout above this zone could reignite bullish momentum toward the $54–$56 range.
• Support Zone: $49.50 – $49.00
This is the nearest demand zone. A drop below $49 may signal deeper retracement toward $47.50.
Trade Setup:
Bullish Scenario:
• Entry: Above $51.30 with volume confirmation
• TP1: $53.50
• TP2: $56.00
Bearish Scenario:
• Entry: Below $49.00
• TP1: $47.50
• TP2: $45.80
Stop-Loss Guidance:
• Longs: Below $49.40
• Shorts: Above $51.50
TRB has posted a strong rally, but is now consolidating near key resistance at $51. A break above could trigger another leg higher. However, if price fails to hold $49, a corrective pullback is likely. Wait for clear confirmation to trade the next move.