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dorfmanmaster
Jun 7, 2019 4:37 PM

TPX could bounce  Long

Tempur Sealy International, Inc.NYSE

Description

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.


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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.



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