TPA Plus – Trend Range

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SRCL rose above its 15-month downtrend line in August. The zoom chart reveals that the rally in August also put SRCL above 3-month resistance at the 50 level. SRCL has established a pattern of higher lows=uptrend and the recent decline […]

PYPL rose above both its 11-month and 7-month downtrend lines in August. The gap higher in August also marked a breakout from 2-month resistance at the 90 level (zoom chart). The zoom chart also reveals that PYPL has now formed […]

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WSM rose above its 8-month downtrend line in July. WSM had declined 54% from the November 2021 highs to the May 2022 lows. WSM is currently battling with the 200DMA; which was stiff resistance from December to March. The zoom […]

TYL broke out from its 2022 downtrend in July. TYL is now 21% off of its June low, but is still down 35% from its December 2021 highs. The zoom chart reveals that the recent 13% decline puts TYL at […]

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SMAR rose above its 2022 downtrend line in early August. SMAR had declined over 63% YTD before basing at 29 and heading higher.  The zoom chart reveals that SMAR has declined 13% in the past 14 trading days and is […]

Click on any image for this week’s full report. You can learn more about RRG’s with these links: Relative Rotation Graphs (RRG) – explanation video RRG – written explanation