We're seeing a potentially very bullish set-up here.
First, let's look at a longer-term (7-month-long) chart ...
You can see that TRP has been moving higher since mid-March. Now, it is testing its big downtrend.
Now, let's take a closer look ...
You can see a few things here ...
- The volume on up days is better than volume on down-days. That's a good indicator of bullishness.
- TRP seems to be forming an inverse-head-and-shoulders pattern. We won't know until it confirms a break above the "neckline" of the pattern (that orange dotted line).
- A breakout above that neckline would give us a target of $49 a share.
Just something to consider. Don't buy something just because some dude on the Internet likes it. Do your own due diligence.