TIRAY Rubberband Snapback
Updated
TIRAY has been a traders dream lately. Looking on the daily chart, you notice at the top of the chart there was a huge Red DOJI candlestick signaling a reversal in the chart after an over extension in the stock price. We have since witnessed four consecutive red days, with the fourth day also closing into support with another doji star signaling consolidation in price and potential reversal to upside. An over extension to the downside into support on the 4 consecutive red day, is indicating a rubberband snap back. Once TIRAY breaks out of $120, it'll will become a strong buy with upside potential to $160.
Trade closed: target reached
Target was reached
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