TJX Companies ( TJX) is expected to announce their latest fiscal quarterly earnings numbers before the market opens on Wednesday. Let's check out the charts and indicators. 
We last looked at TJX back on August 19 and wrote that "TJX has rallied from a mid-June low, but the trading volume has not increased and the OBV line has been disappointing. This means I would trade carefully even though I do not see a top-reversal pattern."
Let's check out the charts again.
In this daily bar chart of TJX, below, we can see that prices have traded sideways for much of the past 12 months. Buying interest has developed in the $64-$62 area a number of times and selling has been strong enough around $76 to halt advances. The 50-day moving average line has been crossed many times and the 200-day moving average line now has a negative slope.
The On-Balance-Volume (OBV) line has turned lower from the first of the year telling us that sellers of TJX have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator turned bearish in the middle of January.
In this weekly Japanese candlestick chart of TJX, below, we see a mixed picture. Prices have traded sideways since early 2021. TJX is currently trading below the cresting 40-week moving average line.
The OBV line has been weakening the past three months and tells me that sellers have been reducing their long exposure ahead of earnings. The MACD oscillator has been weakening since early 2021 and is now only slightly above the zero line.
In this daily Point and Figure chart of TJX, below, we can see a potential downside price target in the $57 area.
In this weekly Point and Figure chart of TJX, below, we can see a slightly lower price target than the daily chart. Here $55 is the target.
Bottom line strategy: I have no special knowledge of what TJX is going to tell shareholders Wednesday morning. The overall sense of what I get from the charts and indicators is that prices could weaken in the days and weeks ahead. I would avoid the long side of TJX.
