Stock Chart Analysis TASR

Posted by downtowntrader | 9/25/2007 10:17:00 PM | 0 comments »

Stock Chart Analysis TASR

TASER International, Inc. (Public, NASDAQ:TASR)

I was on the TASR bandwagon from May through late July as it steadily climbed 100%. It fought through an ABC (three wave) correction from late July through mid August and appears to be ready for a resumption of the prior trend. It is starting to base over the 20 day sma and should begin using it as support. If we project a measured move similar to the wave leading into the correction, we arrive with a ballpark target near 25.

Good Trading,


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