Thread by @malteseinvest

Analysis: #NYSE $TJX

Case 118 #TJX Companies Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#TJX 1/4

Chart 1
Weekly Chart: A very healthy uptrend was followed by a #parabolic move registering an all time high of 56.64 in Sept 2018, price then corrected lower to 41.49 on broken #resistance turned cluster #support. It took whole year to break above the old high and in ...

TJX 2/4

.... the process registering a new all time high. #Momentum has slowed and we expect price to initially stall when closing in on 65.45/55. Ideally we look for a break above 63.60 and then expect price to hold above 62.85 to begin the new leg higher.

TJX 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$TJX 4/4