SELL Texas Pacific Land Corporation ($TPL)
TPL is up a whopping 800% since Covid... That is crazy!
Consistent with our entire view of the market,
TPL looks like it needs to correct. Hard.
From a macro perspective, rising interest rates do not bode well for commodity exposure (TPL's portfolio). From a charting perspective, this is way overdone to the upside.
Looking for a major pullback in TPL.
Be well!
Isaiah 47:12 - 15
Consistent with our entire view of the market,
TPL looks like it needs to correct. Hard. From a macro perspective, rising interest rates do not bode well for commodity exposure (TPL's portfolio). From a charting perspective, this is way overdone to the upside.
Looking for a major pullback in TPL.
Be well!
Isaiah 47:12 - 15
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