Here’s your opportunity in Taser (TASR). (June 02, 2015)
I want to look at Taser ( NASDAQ:TASR ). This stock was the darling for a while, with the riots and this and that. So everybody’s going to be getting stun guns, body cameras, and all that, that’s what Taser ( NASDAQ:TASR ) benefits from. Well, the market got a little overheated but you look at the volume, this was some pretty heavy volume here, but since this peak the stock has pulled back.
So buying at what turned out to be the high, $35.00, hasn’t worked out to well. Right? If you are in, relax, stay strong, be long. But if you’re not in you want to look at this as about $30.00 is about where prior resistance was, right here. You see the breakout in this pretty line that I’m drawing and now we’re looking here at support, close to it anyway. So we keep a stop just a little bit below there and this is one that should be good to go.
So what we want to be doing is, there’s a lot of different ways to trade, some of you may be heavy in to energy stocks. The way I like to trade is I look for these strong stocks and then if I can catch them in what turns out to be early mode that’s great. Otherwise what I like to do is see how this pulls back and then if we find support there that’s when I like to buy.
I know I’m not buying at what could be a really significant high but I’m at least buying a pullback off of that at the first signs of support. Then I can define my risk and hopefully, because you never know, hopefully the pattern’s going to continue and the stock’s going to move higher. You don’t know when you’re buying the stock whether the pattern is going to continue, that’s why it’s called speculation, it’s not called winning.
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