Log and RSI

log

$TPL’s recent dip looks similar to that of 2014 on a log scale though still a bit smaller.

The Relative Strength Index (14 day) associated with the current dip is fairly rare.  Buying with the RSI down here has generally been a positive over the years.

It’s worth noting that it took a solid ~2 years for the ’14 dip to be erased.

See you in 2021!

Source:  Bloomberg