TMPV – Pattern Formation on Chart

359
This is the 1-hour timeframe chart of TMPV.

After the channel breakout, the stock is forming a broadening wedge and is currently trading near resistance.

A confirmed breakout above this level ( 390 ) could trigger an upside move towards the 450 target. However, if the resistance holds, the stock may witness another corrective decline.

Major support is placed near the 335 level.

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