Description
⋅ TMV on the 4H chart appears to be reversing a trend down since 12/28. YTD it is rising.
The reasonable target is the Fib 0.5 retracement at $40 while support for a stop loss
just below the POC line of the volume profile is $29.25. As such this is a 35% upside.
The RSI indicator shows the fast RSI rising and crossing over the slower RSI while the
relative volume indicator shows increasing volumes reacting to the price bottoming and
accumulation underway. I see this as a long trade set up while recognizing that fundamentals
such as interest rate adjustments and inflation data could impact the technicals.