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TGOPY

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FALLING KNIFE
Support
$7.20
Resistance
$8.85
TGOPY 3i Group plc daily candlestick chart with 50-day and 200-day moving averages, EMA crossovers, and RSI momentum indicator — falling knife as of May 22, 2026
TGOPY Daily chart 2026-05-22 20:39:23 UTC
AI-generated analysis — not financial advice. For educational purposes only.

TGOPY Daily Technical Analysis Summary

As of May 22, 2026, TGOPY (3i Group plc) is in a falling knife state on the daily chart, with a confidence level of 73%. Key support is at $7.20 and key resistance at $8.85. Sharp selloff into new lows followed by a small bounce; price ($7.75) remains well below all key MAs with RSI ~41 (weak relief, not a reversal).

Price Scenarios & Targets

bearish

Bearish continuation: bounce stalls under EMA50/near prior breakdown level, then retest and marginally undercut the $7.2 support before any meaningful base forms (Elliott: still in a late Wave 3 / early Wave 5 down; Fibonacci: typical 0.382–0.5 retrace of the last downswing capped under ~$8.8–$9.7).

Price Target
$6.60
Path to target
First move
$7.20
Pullback
$8.40
Final target
$6.60

bullish

Relief rally / bottoming attempt: price holds above $7.2 and grinds up to test the EMA50 then EMA100; would be treated as a counter-trend Wave 4 bounce unless it can reclaim and hold above the $9–$10 supply zone (Fib: 0.5–0.618 retrace zone aligns with the $9.7–$10.7 MA cluster).

Price Target
$9.70
Path to target
First move
$8.85
Pullback
$7.80
Final target
$9.70

Key Triggers

Confirmation & Invalidation

✓ Confirmation

Daily close below $7.20 (break of the current swing-low area) with follow-through.

✗ Invalidation

Two consecutive daily closes above $8.85 (reclaim/hold above EMA50).

Position Entry & Exit Levels

⊕ Add

Start $7.10 – $7.40
Add $6.60 – $6.95
Heavy $6.00 – $6.40

Scale near the current swing-low support ($7.2) and add on capitulation-style extensions to next Fib/round-number supports; trend is down so entries are tactical and size-controlled until EMA50 is reclaimed.

⊖ Derisk

Trim 1 $9.70 – $10.7
Trim 2 $11.4 – $13.2
Close $14.4 – $15.2

Trim into the stacked MA supply (EMA100/EMA200/SMA100–200 zones) and major prior distribution highs where rallies often fail in downtrends; full exit if price returns to the prior peak area without a clean long-term trend rebuild.

Frequently Asked Questions

What is the daily technical outlook for TGOPY today?

As of May 22, 2026, TGOPY (3i Group plc) is in a falling knife state on the daily chart with 73% confidence. Sharp selloff into new lows followed by a small bounce; price ($7.75) remains well below all key MAs with RSI ~41 (weak relief, not a reversal).

What are the daily support and resistance levels for TGOPY?

On the daily timeframe, TGOPY has key support at $7.20 and key resistance at $8.85. The most likely scenario (bearish) targets $7.20 and $6.60, with a revert level at $8.40.

Is TGOPY in an uptrend or downtrend?

TGOPY (3i Group plc) is currently classified as falling knife on the daily chart, with 73% confidence. Confirmation requires: Daily close below $7.20 (break of the current swing-low area) with follow-through. This would be invalidated by: Two consecutive daily closes above $8.85 (reclaim/hold above EMA50).

What are the price targets for TGOPY?

The most likely scenario (bearish) targets $7.20 and $6.60, with a revert level at $8.40. The alternative scenario (bullish) targets $8.85 and $9.70.

Other Timeframes for TGOPY
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