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Tallgrass Energy LP (TGE) “On a long-term technical basis, the stock (TGE) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 22.38 and 19.59. If the stock breaks down through support at 22.38 then it will probably continue lower to 19.59. The stock has resistance at 24.94. The 200-day moving average is at 19.59. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 22.38 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (94.76).”
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