TJX Companies Inc. (TJX)



TJX Weekly Chart (normal scale)
TJX has been bullish since 2009...
Since 13 September 2012, TJX seem to make a retracement move...
From 9 November 2012 till 5 February 2013, TJX likely to make a retracement with an ABC pattern..

1. Agressive Trader.
    Might enter this level with a stop loss at 47.25...

2. Pattern Trader.
    Might enter after price break red trendline...

3. Conservative Trader.
    Might enter after price break the low at 9 November 2012

TJX Daily Chart (logarithmic scale)
On daily chart, we observe price - MACD divergence and price - RSI divergence...

On both scale drawing, seem that a break below red trendline might turn into a free fall...





Location: Surabaya, Indonesia

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