Don't Ignore This Chart!

Bottom Feeding: Time for Asia Time? (TYM)

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Ditc20092018
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Trying to catch a "falling knife" like Asia Time (TYM) is extremely risky in any market.  Doing it in today's market is pure folly.  And yet...  TYM is the only stock on any of the major markets to have its RSI rise back above 30 after staying below 30 for several days.  Today's big rebound (on good volume) continued yesterday's bounce (on relatively light volume) and made the RSI movement possible.  Strong resistance at 0.50 appears to limit the upside however.  While extremely risky, this is still a technically interesting stock to watch over the next couple of days.
Chip Anderson
About the author: is the founder and president of StockCharts.com. He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. Since 1999, Chip has guided the growth and development of StockCharts.com into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site. Learn More
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