TEM (TEM)

$TEM breaks and holds above $58, which can quickly power higher 📈

$TEM is one headline away from $70. $ARKG is the new leading sector of this market, outside of memory.

I’m reading that $TEM has 38M shares short with a 28% short interest. Imagine staring at that breakout chart and thinking, “Yep…this is definitely where I want to short.” Higher.

$TEM making a move cc: @StonkChris

Shake and bake $TEM. Brutal for those who got stopped out. Now make them chase.

I actually find it increasingly bullish that so many people are still doubting the move in $TEM. The stock has earned that skepticism with all the false starts and erratic price action over the past year. But once it clears that $58 level, I think sentiment on FinX is going to shift in a hurry. Near-term target: $68–$73. If it then breaks above $73 on the weekly timeframe, the next measured upside target comes in around $144–$168 over the medium to longer term. From a technical perspective, this remains one of my highest-conviction setups right now. Momentum is building here on both the lower and higher timeframes.