Tactical Air Defense Services, Inc.(fka TADF)

[frodo_1978]

Hey guys, today was pretty much the same of what we saw last week. Thats 6 consecutive days where we basically close unchanged. We are in a low volume, slowly downward drifting channel, that is actually going sideways for the last 6 days. Like i said friday, I think by this Wedsneday we will get some type of resolution to this short term range. If you look at the chart, TADF has been spending over a week at this bottoming process, 8 times it has hit the 200 day, this is rock solid support. and as you can see, the candlesticks are getting very close to piercing the top line of the channel, This is pretty much the short term bottom, if this isnt the definition of a bottom with incredible support then i dont know what is. Based on the support and the flatlining we have seen, it is most likely that we peirce this channel to the upside, a little buying interest in the next couple of days should do the trick. This should give it the momentum it needs to start a litte uptrend and take another shot at the 45 - 50 zone. Like ive said 100 times, a brea kof this zone will send TADF into orbit because it will confirm the Cup and handle break, and it will break the last remaining major trendline dating back to july 2010. This is the time to load up, if you havent done so already. There are no more major resistance areas all the way to 5 cents (i have referenced this in prior charts). Click the center of the chart to enlarge, GLTA

http://investorshub.advfn.com/uimage/uploads/2011/5/23/htniztadf_chart_newest.JPG