TUP the newest meme fundamentally dead LONG
TUP on the 30-minute chart has some decent technicals. Based on anchored
VWAPs one set for 8/1 and another 8/3, TUP has pulled back into solid support
at the two mean VWAP lines. Volume has been steady. It is in the middle of the
fair value zone and under the POC line of the volume profile. Analysis of that
profile is that price should seek the POC as if a magnet. there is could be
pushed up or repelled down depending of the relativity of the dynamic of
buying and selling pressures interplay in that zone. I see TUP as having 20% upside
for sure on the retracement of the trend down. An additional leg up and over the
POC line is possible or even probable but not a certainty.
VWAPs one set for 8/1 and another 8/3, TUP has pulled back into solid support
at the two mean VWAP lines. Volume has been steady. It is in the middle of the
fair value zone and under the POC line of the volume profile. Analysis of that
profile is that price should seek the POC as if a magnet. there is could be
pushed up or repelled down depending of the relativity of the dynamic of
buying and selling pressures interplay in that zone. I see TUP as having 20% upside
for sure on the retracement of the trend down. An additional leg up and over the
POC line is possible or even probable but not a certainty.
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