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IKeepItGreen
May 31, 2023 11:04 PM

TCS Parabolic Trend Broken Long

Container Store (The)NYSE

Description

Interest rates are already turning over and should increase mortgage applications which should prove to be bullish for this stock. Tiny homes and container homes will gain in popularity during this time and I believe TCS will benefit greatly from the new trend.

Weekly RSI has bullish divergence going all the way back to Dec 2016 + the last year is showing huge divergence. This one should not take long to develop

Trade active

Comment

Bullish Engulfing Candle on the monthly timeframe.

Comment

Another bullish candle. First target is approaching...
Comments
Robinsmagicshow
Wish I found your chart before! Gj
IKeepItGreen
@Robinsmagicshow, still a good entry for a pull back, I would move it closer to 2.42. price will always retest the lows
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