TPX could bounce
Technicals
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.
- 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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