Get started
dorfmanmaster

TPX could bounce

Long
Tempur Sealy International, Inc. (NYSE:TPX)  
dorfmanmaster  
NYSE:TPX   Tempur Sealy International, Inc.
Technical Indicators Chart Patterns Trend Analysis TPX GAS Energy Commodities Relative Strength Index (RSI) techincalanalysis hammercandle Hammer
1
0
indicator chartpattern trendanalysis tpx gas energy relativestrengthindex techincalanalysis hammercandle hammer
Technicals

  • RSI(10) @62 reaching for higher highs - OBV confirming trend
  • ADX (directional index) on a continuing positive trend

We see a very bullish move, as a hammer candlestick is formed at the 61.8% retracement level.


-----------

This is happening as the market as a whole is on a rally.
I would wait to see if we can break $68 (heavy resistance) on Monday.



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.