EPAM – positive

By Jeffrey Marcus | May 23, 2022

EPAM fell 75% from the last week of December 2021 to the first week of March 2022. EPAM rose above its 3-month downtrend line in early April. Now, EPAM has established a pattern of higher lows and higher highs=uptrend (charts 1 and 2). The zoom chart shows that EPA is proximate to uptrend support. The weekly reveals that EPAM’s current rally is confirmed by its nadir, which was at long-term support from the lows of 2019 and 2020. TPA’s target is +30% from Monday’s close.

, EPAM – positive
, EPAM – positive
, EPAM – positive

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Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.

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