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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
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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.


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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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