TPM looks to be setting up again after price tested the 200day MA
(this is a good sign for a stock that has been in a 4 year bull run)
As you can see from the weekly it has been a market leader since 2012. So, its long in the legs & therefore needs caution. Trade it till it starts losing you money.
On the Daily you want to see a few more higher lows within the base so it tightens up. It could even break the black resistance line and setup the Handle part of C&H higher up- which would be more reliable (the current base looks too low in the pattern)
The fewer red bars on higher than average volume the better. More green bars with higher than average volume shows institutional support.
MrPrice
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