TJX – TJX Companies, Inc.
A consumer stock pushing out to all-time highs.
TJX – TJX Companies, Inc.
Date: 15 June 2026
Sector: Retail Trade / Apparel / Footwear Retail
Exchange: New York Stock Exchange
TradingView link: 1M candles / 1W candles & 4H candles
Opening/macro/sector context
TJX, known as TK Maxx in the UK, is a discount retailer that has proven very popular.
Clearly, somebody must be shopping there, because the stock is pushing up to all-time highs.
The business model is fairly straightforward. Retailers can sell products in bulk to TK Maxx that may be end-of-line, slow-selling, or last season’s stock.
TJX can then pass that discount on to the consumer.
In a tighter economy, there is an argument that customers may look to trade down while still continuing to shop and buy new clothes.
As traders, we also need to remember that many portfolio managers have mandates to remain invested. They cannot sit in cash for too long.
That means when capital rotates, it gives traders an opportunity to jump on the coattails of larger institutions and ride that appreciation in stock price along with them.
Long-term structure
TJX first floated back in 1968 at around $0.15.
If you had managed to hold your shares until now, the stock would be trading around $168.41.
That is an extraordinarily long-term compounding story when observed from the monthly time frame.
Starting with the longer-term structure, on the monthly chart, we can see that back in November 2022, TJX broke above $78.
Since then, in all honesty, the stock has not really looked back.
It has made a nice series of higher highs and higher lows, moving at roughly a 45-degree angle towards the top right.
In terms of price appreciation and technical structure, we have seen a steady flow of higher highs and higher lows.
There was a small period of congestion, which I have marked out with the pink box on the monthly chart.
Over the last three months, the stock has had a healthy pullback.
The most recent monthly candle now shows an engulfing pattern, taking out the previous three candles - a very bullish signal.
If we drop down to the weekly chart, still within the long-term structure section, we can see that the last two weekly candles have been blue.
The first blue weekly candle was also a bullish engulfing candle that took out the previous weekly candle, too.
That provides further weight to the thesis that this is a strong upward move and may have the legs to continue higher.
Lower timeframe / recent structure
On the 4-hour chart, TJX has recently broken out of its most recent pink box.
During that consolidation phase, the price traded between roughly $168.42 on the upside and $143.34 on the downside.
On 10 June, the stock broke out above the top of that box and has continued to move higher since.
On the daily timeframe, we can now see three closes above the breakout level.
That is important because it meets my criteria for reducing the likelihood that the price will simply fall back into the box.
It suggests the breakout is more likely genuine and that TJX has the potential to continue higher from here. Nex blue candle
Entry trigger:
The entry trigger will be the next grey-to-blue candle.
Initial stop loss:
The initial stop loss will be at the last swing low, around $159.
Multi-timeframe correlation:
1M: Blue candle, having just been grey
1W: Blue candle
1D: Blue candle
4H: Grey candle, looking to take the next blue long
When should I tighten the stop-loss?
Tighten the stop-loss as new swing lows form and the structure continues to move higher.
When do I add to the position?
Add to the position each time TJX pulls back and then changes from grey to blue again.
Potential target range:
$177 – $184
Activated price targets:
2
Am I in this trade?
No
Current R multiple:
0R