Each week, our Editor runs scans within the Trading Edge Platform and identifies charts of interest for members. From the scan results he selects trading opportunities for members and identifies potential prices for Entries, Stops and Profit targets using TED’s unique Bull and Bear Alert triggers combined with support and resistance levels.

Transurban Group (TCL) was identified as a trading opportunity on the 26th February after a recent Flex term alert.  An entry zone of between $11.03 and $11.12 was flagged after a recent break up from a basing pattern.  Price consolidated between $10.80 and $11.00 for 2 weeks and broke up again.  An entry was taken at $11.12 on the 27th February with a stop below the most recent level of support at $10.79. A potential profit target of $12.50 was also flagged.

After entry prices came back to test the support level one more time before moving up in a steady trend through March, April and May.

In May prices attempted to break through the $12.50  level but failed and retraced down to the $11.90 level.  A final push up and through the $12.50 level saw our profit target being hit and an exit taken on the 1st June resulting in a 12.12% return for the trade. The stock was held for 94 days.

For the Editors Select trades we generally close trades by taking profits if prices reach our profit targets.

If you would like to learn more about the Trading Edge Dynamics platform and take advantage of our Editors Select Trade Setups, sign up for a free 14 day free trial.