TSRA: 16.26 -0.55 (-3.27%) - Tessera Technologies, Inc.
Chip Section started selling off today before the FMOC meeting. TSRA went down 3.27%, opened gap down, which is a valid confirmed sell signal by Candle Stick charts.
Even though the market shed the down after the meeting, TSRA struggled to climb up till mid 16 dollars and couldn't stand and keep falling down till market close at 16.26, which is 3.27% down. For Options, it s estimated at 15% gain. Also the volume at the last hours is accumulated selling off.
I haven't check the chart and indicators yet, just by looking at the price chart from Google Finance. The whole Technology session went down by 1.4%.
Today noticeable put options are purchased, high put/call ratio is a significant signal to help to detect the bullish or bearish of this stock. Currently it s trading below its 50 day and 200 day MA, which is weak. However, the volume is still light.
I will keep close look at this tomorrow again. Currently I didn't find strong resistant and supporting price yet. I will just use the MA and BB as reference.
No comments:
Post a Comment