Q: Hi 5i,
Thomson Reuters (TRI) has recently displayed several technical signs that could indicate a potential bottom, including bullish RSI divergence, improving MACD momentum, increasing rebound volume, and a possible inverse head and shoulders pattern around the 123–124 level.
Considering both the technical signals and fundamental strength, would you consider the probability of a near-term base formation to be high?
What specific fundamental or technical conditions would you need to see to confirm that TRI is forming a sustainable bottom?
Many thanks for the advise.
Thomson Reuters (TRI) has recently displayed several technical signs that could indicate a potential bottom, including bullish RSI divergence, improving MACD momentum, increasing rebound volume, and a possible inverse head and shoulders pattern around the 123–124 level.
Considering both the technical signals and fundamental strength, would you consider the probability of a near-term base formation to be high?
What specific fundamental or technical conditions would you need to see to confirm that TRI is forming a sustainable bottom?
Many thanks for the advise.