01Jun1:03 pmEST

Choose Darjeeling Over Coffee

Tata Motors Limited, auto maker out of Mumbai, India, is surging this week after earnings.

On the weekly chart, below, note the potential for TTM to have just confirmed a sizable bottom since last summer, so long as $31.40 now converts into newfound support, below. 

Also note the extreme outperformance of TTM this week versus other auto makers like Ford, GM, even TSLA. This market sure seems to be full of names flying under-the-radar, amid flattish indices and even sectors. 

So while many eyes seem glued to TSLA, and are always watching F and GM, perhaps some relative outperformance from TTM this summer would make sense. 

More in my usual Midday Video for Members

Elegance is Nice But Not Req... The Tenth Wishes You'd Lost ...

 
BackToTop
 

This website is intended for educational purposes only. | © 2024 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site