TSYS

This next chart that I want to analyze and watch because it has a very long base that has been formed over the past 8 years, and has been probing the breakout point of it's base more and more frequently in the past 6 months, and as of Friday has made new closing highs, above it's base. We must remember that the market governs all, and with it hanging on by a thin thread all longs must have their trigger finger ready by their sell buttons. That being said, with the current price being just above its breakout level, and the power that these bases can create, risk/reward is there imo.

First lets look at a weekly chart. You can see the base beginning all the way back in 2001.


Now taking a close look on the daily chart, you can see the upper range of the base has been tested 3 times recently, the third clearly breaking and closing above that same resistance line from the weekly chart.


Now looking even closer at the 15 minute. You can see that after that big gap it battled with that same resistance (still from the weekly) for about a week, stabilized itself on that level and is now attempting to push higher. To me, it all depends on the market itself from here, and if the market is able to stabilize and push higher, I think TSYS is a great play.