Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

I just looked at TASR's monthly. I think it might be gunning for the an original rising support out of the 2001 time frame:

http://stockcharts.com/def/servlet/SC.web?c=TASR,uu[h,a]maclynay[d20001007,20040407][pc9!c13!c20!d20...

That line is near $170 or 180 by June (it's hard to tell when you run out of room at the top of the chart). The top of the channel this month is at $118, so that's a reasonable near term target, especially if it wants to be certain to open at $102 or so next month to maintain the uptrend <G>.

People who short that stock below $118 had better know how to read an intra-day chart, that's all I've got to say. This stock is going to eat shorts, get bloated, and only crap when the rising support gives, possibly not until June.

The rising support is moving up 36% per month, and the rising resistance is moving up 31% per month. That's suicide for shorts unless they trade the channel and watch out for the end of week/end of month.