Thread by @malteseinvest

Analysis: #NYSE $TRN

Case 281 #Trinity Industries, Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#TRN 1/4

Chart 1
Weekly Chart: The uptrend is still #bullish and an attempt to move above the #SMA 20 & 50 (19.16/50) is in progress - a break/ hold above 23.10 (pivot) and then above 25.10 (trendline) is required to tackle strong #resistances at .....

TRN 2/4

..... 28.44 - 29.30. A failed attempt to break below long term #trendline support was seen in March but found buyers resting on the #Fib 0.618 and strong #pivot and cluster #support at 14.40.

TRN 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$TRN 4/4