The TJX Companies : We anticipate a reversal
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$57.51 | $0 | $54.8 | -100% |
Following a bullish wave, the stock now shows a slight decline that has lead to the USD 56.8 medium-term support. On this level, remobilization of buyer flows has stopped the decrease and should allow now a recovery of the uptrend in the medium term.
Investor should buy the security in the current area to take advantage of a new upward acceleration in the direction of USD 61.1. A stop loss is placed under USD 56.8.