TASR Support play
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I think TASR could see support in the 22.00 to 21.80 range and has potential to rally to the 26 range. RSI is in the oversold range for the first time since December 12th 2016. It also has a gap to cover in the 25.12 - 25.39 price range and in the recent past it has been covering gaps quickly. Last time it reached the oversold reading it had a +16% rally. -DMI just converged for the first time after a sharp spike. CMF has been uptrending and with a sharp decline in price the indicator dropped insignificantly and could see support anywhere around the zero line. Although I use an 8,17,9 MACD green crossover as a buy signal and right now theyre converging. So I think it could potentially see a rally soon.
Nota
It also has a gap to cover in the 25.12 - 25.39 price range and in the recent past it has been covering gaps quicklyNota
Im also watching because it was seeing support at the 200 day MA and has just dropped significantly below itNota
I apologize for the shitty trend lines I drew them on a different time frame and forgot to take them offNota
I think its possible that it covers the gap and sees resistance at the 200 day MANota
CMF, RSI, and price oscillator have all broken their trend lines, if price breaks it could shoot down. Also not a good sign that it gapped below the 200 day MA it could be a break away gap
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