Tupperware Brands (TUP): The TUP chart is in a downtrend, with a...

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Saturday, 08/19/2023 3:49:59 AM

Saturday, August 19, 2023 3:49:59 AM

The TUP chart is in a downtrend, with a bullish divergence on the macD. The chart is mostly bearish, with 20 under the 200 on all indices except the 3 and 4 hour charts. A possible bounce at 2.14 or 1.84 is possible. The 4 hour 200 sma is down with decent support, with 1.36 and 0.9813 being the next ones. The Nasdaq and spy are experiencing a sell-the-rips mode, similar to the recent buy-dip. Tuppy is likely due for a mean bounce on Monday, but it is crucial that 20 crosses over the 200 sma trending up with strength on the 1-5 minute charts. After that, the goal is to hope for a higher low.

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