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15. Okt. 2020 04:53

Tightening price action, pre-earnings run up  Long

Tempur Sealy International, Inc.NYSE

Beschreibung

This looks like a great setup. One thesis is that spending on consumer durables has increased during stay-at-home orders making TPX a solid COVID stock. This pattern has lead to reliable upside moves, combined with earnings two weeks away and a PSAR flip makes me lean bullish.

Kommentar

Reached but rejected from the upper resistance line, broke the lower trend line.
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