Closing Price (End of chart): ~$2.68
Volume: 1.75M (for the last day on the chart)
🔧 Key Indicators:
EMA 25 (blue): $2.761
Bollinger Bands (SMA 25):
Upper Band: $3.222
Middle Band (SMA): $2.752
Lower Band: $2.183
🔍 Technical Insights:
Resistance From EMA and Mid-BB:
TIA's price is currently below the middle Bollinger Band and EMA 25, which are acting as dynamic resistance in the $2.75–$2.76 zone.Recent Consolidation:
Following a significant upward move from May 7th to May 12th, the price has entered a correction and consolidation phase. Candles have become smaller, and volumes have decreased.Bollinger Bands Contraction:
The Bollinger Bands are gradually narrowing, indicating decreasing volatility and potential accumulation before the next significant price movement.Previous Strong Rally & Correction:
TIA experienced a powerful rally from ~$2.00 to ~$3.40 (approximately May 7th-13th), followed by a correction to the $2.60 zone.
🎯 Trading Strategy
📈 Bullish Setup – Breakout from Consolidation
Conditions to Enter:
Price clearly closes above the middle Bollinger Band and EMA 25, breaking the resistance in the $2.77–$2.80 zone.
Ideally accompanied by rising volume, confirming the strength of the breakout.
Entry Zone: $2.80–$2.85
Target 1: $3.00 (psychological level, recent high)
Target 2: $3.20–$3.25 (upper Bollinger Band, higher local high)
Stop Loss: Below $2.70 (support from mid-BB/EMA before breakout)
Notes:
This strategy aims for a continuation of the uptrend after the consolidation phase.
Watch volume: a strong breakout requires a significant increase in volume.
📉 Bearish Setup – Continuation of Downtrend/Rejection
Conditions to Enter:
Price fails to break the resistance at $2.75–$2.80 and forms a strong bearish candle (e.g., engulfing, long-wicked doji) from these levels.
Alternatively, price clearly breaks below the lower Bollinger Band (around $2.60) with volume confirmation.
Entry Zone: $2.70–$2.65 (after rejection from resistance) or below $2.55 (on downside breakout)
Target 1: $2.50 (local low)
Target 2: $2.20–$2.30 (lower Bollinger Band)
Stop Loss: Above $2.80 (above mid-BB/EMA)
Notes:
This strategy anticipates a continuation of the correction or rejection from resistance.
Pay close attention to volume confirmation on a breakdown of the lower BB.
🧠 Final Thoughts:
🔄 Trend Bias: Neutral-corrective. The price is in consolidation after an uptrend.
⚠️ Key Level: $2.75–$2.80 – a breakout above or rejection from this level will define the short-term direction.
📆 Strategy: It is advisable to wait for a clear signal (breakout or rejection) and volume confirmation before taking a position. The narrowing of the Bollinger Bands suggests an impending significant price move.
