TOL broke out above the 11-month and 3-month downtrend lines in early November with a gap-up day. The zoom chart reveals the gap-up day and a pattern of higher lows indicating a new uptrend has formed. The long-term chart shows that the inflection point in October confirmed long-term support at the 40 level.
SHW broke out above the 2022 and 5-month downtrend lines in early November with a gap-up day. The zoom chart reveals the gap-up day and a pattern of higher lows indicating a new uptrend has formed. The weekly chart shows that the inflection point in October confirmed long-term support from 2020.
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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