Our previous post (6/16/2014) on TGEIX is here. TGEIX was turned back at resistance line R1 at overbought conditions (per RSI) in mid-June 2014.
Now as shown in the chart below, after testing support lines S1, S2 and S3 (relabeled from previous charts), TGEIX appears to be attempting a breakout above descending resistance line R1 as overbought conditions have been alleviated after a few weeks of overall sideways price movement.
(Click Chart to Enlarge)
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TGEIX Chart: 5yr | daily | semi-log | unadjusted prices |
Not Investment Advice | Important Disclaimer:
The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers for junkbondrecycling.com in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.
Financial Disclosure:
The author/publisher established a position in TGEIX on March 26, 2014.
Financial Disclosure:
The author/publisher established a position in TGEIX on March 26, 2014.
Base Chart Provided Courtesy of StockCharts.com. Analysis and Annotation by JunkBond Recycling.com (all rights reserved)
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