TJX Companies (TJX) stock declined slightly in its latest intraday trading, as the stock took profits from its recent gains while attempting to build positive momentum that could support a recovery. At the same time, it is working through its overbought RSI levels, with early negative signals starting to appear. However, the main uptrend remains intact, supported by trading along a short-term bullish trendline and by ongoing positive pressure from holding above the previous 50-day SMA.

Therefore, we expect the stock price to rise in the upcoming sessions, as long as it holds above the 128.00 support level, with the next resistance target set at 135.85.

Todays price forecast: Bullish