Despite the overall weakness, shares of TJX Companies Inc (TJX) attracted strong buying support, up 1.2% on above the daily average volume to 46.74. This is bullish from a technical perspective. In fact, as the chart below indicated, TJX could climb above 56 and test the 127.2% Fibonacci extension of the November 2008 to April 2010 major upswing after the downward trend halted. Just so that you know, initially profiled in our March 10, 2009 “Swing Trader Bulletin” TJX had gained more than 115% and remained well position.
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