Bottom Feeding: Time for Asia Time? (TYM)

Chip Anderson
by Chip Anderson,
Ditc20092018


 Click here for a live version of this chart.
 
    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
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