TIE

today TIE traded up strong on an upgrade. This looks like the start of a sling shot trade. The sling shot is when strong support breaks down only to return back to prior support shorty after then break back up through it (or vise versa for shorts). once that key support line breaks it causes the longs to shake out and take their losses. then the sling shot occurs once the stock heads back over that old support line, the longs rush back in to cause a pop in the stock. This is not a perfect sling shot setup but i like the underlying stocks fundamentals as wel, giving it more appeal to me. stop would be right below the support line.