TPL is up a whopping 800% since Covid... That is crazy!
Consistent with our entire view of the market,
TPL looks like it needs to correct. Hard.
From a macro perspective, rising interest rates do not bode well for commodity exposure (TPL's portfolio). From a charting perspective, this is way overdone to the upside.
Looking for a major pullback in TPL.
Be well!
Isaiah 47:12 - 15
Consistent with our entire view of the market,
TPL looks like it needs to correct. Hard. From a macro perspective, rising interest rates do not bode well for commodity exposure (TPL's portfolio). From a charting perspective, this is way overdone to the upside.
Looking for a major pullback in TPL.
Be well!
Isaiah 47:12 - 15
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.