Here's Why Targa Resources (TRGP) Is a Great 'Buy the Bottom' Stock Now
Targa(TRGP) ZACKS·2024-12-12 15:55The price trend for Targa Resources, Inc. (TRGP) has been bearish lately and the stock has lost 7.5% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall S ...