Targa Resources (TRGP) Continues Rally In Bullish Sequence
@Elliottwave_Forecast：
Targa Resources Corp., (TRGP) owns, operates, acquires, & develops a portfolio of complementary domestic midstream infrastructure assets in Oil & Gas in North America. It operates in two segments, Gathering & processing, & Logistics & transportation. It is based in Houston, Texas, comes under Energy sector & trades as “TRGP” ticket at NYSE. TRGP made an all-time low of $3.66 during global sell-off during March-2020. Above there, it favors upside in I of (III) sequence in weekly. Short term, it favors upside in ((5)) of I started from August-2024 low. TRGP – Elliott Wave Latest Daily View: TRGP – Elliott Wave Latest Daily View: In Weekly, above $3.66 low, it placed (I) at $81.50 high & (II) at $55.56 low. Within (I), it placed I at $26.17 high, II at $13.08 low, III at $58.18 high, IV at $47.57 low & finally V as (I) at $81.50 high in April-2022. Above (II) low, it started impulse I of (III) sequence in daily & expect short term upside to finish it. Within I sequence, it placed ((1)) as diagonal at $79.70 high, ((2)) at $64.85 low, ((3)) as extended move at $139.35 high & ((4)) at $122.56 low. TRGP – Elliott Wave Latest Weekly View: TRGP – Elliott Wave Latest Weekly View: Above ((4)) low of $122.56, it favors upside in (1) of ((5)) and soon will correcting in (2). It expects correction later in (2) in 3, 7 or 11 swings against 5-August-2024 low before resume upside in (3). It favors short upside in ((5)) towards $143.42 – $154.54 area to finish I before correcting in II against July-2022 low. The pullback in II will provide the next buying opportunity in 3, 7 or 11 swings pullback. Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99. Source:https://elliottwave-forecast.com/stock-market/trgp-continues-rally-bullish-sequence/
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