Technical Analysis TMPV

The stock

price action for on a daily timeframe. Looking at the movement from late 2023 to early 2026, the stock has transitioned from a strong bull run into a lengthy period of consolidation and correction. The stock saw a massive rally leading up to mid-2024 hitting a high near 700-720. After reaching that peak the stock entered a lower high lower low sequence which is a classic bearish signal. It lost nearly 50% of its value from the top to the recent lows. The stock is currently trading around 370.60. It seems to be trying to find a bottom or a base after a long decline. Immediate support there is a very strong horizontal support zone between 340 and 360. You can see the price bouncing or stalling whenever it hits this area (indicated by the dotted green line). Major resistance to turn bullish again the stock needs to break above the 420 - 440 zone. Until it clears that any upward move is just a minor bounce in a larger downtrend. For long-term investors the area around 350 is a crucial floor. As long as it stays above this the worst of the fall might be over. For traders it is risky to buy right now until you see a breakout above 400 with high volume. If the price breaks below 320 it could lead to another sharp fall. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.