TEM Holds Stage 2 Uptrend but Deep Base Flags Elevated Risk

Posted on by Eben@CANSLIM Research
TEM daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 2 (Advancing), as of September 12, 2026 at 21:57 - CANSLIM Research

TEM is trading at 59.01 and holding above a rising 30-week moving average, keeping its Stage 2 advancing structure intact. The market focus is on a deep 59.8 percent base that has stretched 47 weeks and is flagged as faulty, with the stock still 42.8 percent below its 52-week high and failing most trend template checks. Sentiment is neutral, with the setup warranting a wait-and-see stance until price can confirm strength above the 103.25 pivot.

As of 2026-09-11 · Close $59.01

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 0.65%)

⚠️ 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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