TWM

TWM remains in a structural downtrend consistent with Stage 4, trading below its key intermediate SMAs without clear base formation. Short-term price is trapped near the 9- and 20-day EMAs with neutral momentum and RSI around midpoint, offering no favorable long-side edge. Medium-term directional bias stays bearish under both the 50-day and 200-day SMAs, so exposure should be trimmed on rallies into the 20-day EMA and 50-day SMA confluence around the low to mid-$22 area.

• ↑Q2 adj. EBITDA CA$88.9M record; net income CA$15M vs loss prior year
• ↑Revenue +62% YoY to CA$552.1M driven by refining and renewables
• ↓Q2 EPS CA$0.68 missed consensus CA$0.9167, raising execution concerns