Eben@CANSLIM ResearchTEM is currently in a Stage 3 topping pattern, with price churning around the 30-week moving average and a deteriorating trend template. The stock is forming a deep base with a 59.8% depth, which historically carries an elevated failure rate. Market sentiment is cautious, as the setup lacks a clear breakout catalyst and shows signs of distribution.
Technical Analysis
As of 2026-08-21 · Close $72.69
Stage Analysis
Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: -3.94%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 59.8%, length 44 weeks, pivot $103.25. Base formed from 2025-10-08 (left-side high) to 2026-08-21, with the low of $41.55 set on 2026-07-29
- Power Play candidate (strong momentum, watching for a tight flag to form)
⚠️ Faulty cup warning: the base is 59.8% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.
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