Newsletter

Alert: TAIT

Good Morning, I hope you got a good night sleep, I have a feeling TAIT chart is going to take us on a roller coaster ride today. TAIT is one crazy chart, but when you zoom out a tiny bit, its actually been in a consolidation stage for almost 12 months.. something I personally have never seen before.. and very anxious to find out the outcome. TAIT has made its attempts to breakout, but the chart indicators where never in the proper position to allow the technicals to set new heights: RSI - Coming down...talk about confusing Price - Testing 3 major resistance points MACD - Showing a bearish signal.. keep reading. Acc/Dist - Lowest its been since May.. BULLISH. Acc/Dist is the leading factor here... when you combine its current location with a tiny float of only 4 mill shares... it makes this whole picture a lot more interesting. See, TAIT has attempted to break out three times in the past month and a half... but each time it seemed to lack the punch. I don't really blame it.. the acc/dist was up high and did not allow the chart to really breakout. Now with Acc/Dist being at lower levels, all TAIT has to do is get over the 1.01 mark where the 20ma 50ma and 200ma are all creating one heck of a resistance point and then we have lift off. If this resistance move happens, the 50ma will start to move up and do a bullish cross with the 200ma... creating a G0lden Cross. Yes the magical word ...... G0lden Cross... the pattern that has caused so many runs that traders seek out these charts like hawks. 52 week high is roughly around 1.30... so... if TAIT can move up over a buck and stay there.. then a 1.30 should be the easy part.. from there its blue sky. IMO Start your research on TAIT chart right away, trade smart and enjoy. OTC Fire

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