TASR breaking out

[Ramsburg]

TASR started to go up 2 sessions ago over increasing and above average volume, breaking out its descending resistance yesterday.

Today at 10am it will present its Earnings Conference Call

So the market is clearly anticipating some good news, so I'm not sure what will be «good enough» to sustain this move for further days. The chart looks appealing and it suggests continuation, but this event can be a little «tricky».

TASR should be a nice stock to watch today.

[nullzero]

tasr is down -13% I suppose the market didnt like the earnings. Wish I found this one before it went down its a hot short  .

[Ramsburg]

This one could have been the perfect «short the news» trade... After yesterday's upside breakout and all that anticipation move, today we have a breakdown tumbling to below the short term support.

Their earnings were good but bellow estimates... with all that expectations, only a big surprise on the numbers could have sustained that (fake) breakout.