Here’s Two High-Probability Entries In A Wounded Stock
When an Opening Reversal
pattern triggers in a stock that has potentially seen the last ‘perma-bulls’
throw in the proverbial towel–you’re
also more likely than not, able to find a solid first range consolidation entry
after the initial thrust as the stock continues to take everyone by surprise.
09:56:18
Reversal Setup
TASER (TASR)
has just taken out the highs of an
Opening Reversal FlipTop pattern at 24.50–now up .39 at 24.41. With session
lows, TASR has further tested a key price support zone (23.55 -24.80) that looks
to set up a potential lower low double bottom pattern on the daily.
10:40:16
Intraday Update Alert
TASER (TASR)
thrusted higher intraday out of an OR pattern–up 1.52 at 26.32. This action
has the stock consolidating intraday on the 5-minute chart on an engulfing
bullish daily bar on nearly 100% of its average daily volume.
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Today’s move definitely ‘stung’ a lot of people
calling it quits right into the zone.
Chris Tyler