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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • Trade Alert: TIE  0 comments
    May 26, 2011 9:10 AM | about stocks: PCP
    TIE, support, resistance, SMA

    Click to Enlarge the Chart

    HedgeFundLive.Com

    TIE has been a weak name over the course of the past five trading days. Looking ath the daily chart you can see the weakness by the bearish candles on the daily chart. The stock has made lower highs and lower lows a clear indication of selling in the stock. There was some support at 18.50 which TIE was able to break through easily. If you are looking to be a buyer of  this name long term look at 17.50 as an entry point. On a intraday basis look to see if 18.10 could hold as support, but if it doesn’t you can take a shot at a short if it breaks 18. Intra day resistance 18.55 is resistance. Longet term 19.10 is a resistance with the 8,15,20 SMA’s all around that level.

    To see more of our support and resistance levels subscribe to The Daily Technican on Daytradewell.com

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