Is Taro Pharmaceutical Industries Ltd. (taro) Due For Another Run?

Discussion in 'Investment Charts' started by Chartman, Nov 27, 2017.

  1. Chartman

    Chartman Senior Investor

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    Earlier this month there was a massive spike in the TARO share price which seemed to flush out a lot of sellers. The shares flirted with support on the downside but seem to be getting ready for another run?

    [​IMG]

    Any views on the fundamentals?
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    This has crashed through support levels - leave for now!
     
  3. Chartman

    Chartman Senior Investor

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    Not clear where the next support line is going to come from - probably best to leave for now until things become a little clearer.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    No support in sight at the moment - buying for a bounce is like catching a falling knife, you might get cut!
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Cant see any new news to justify the recent fall - looks like deflating of a balloon in many ways. When will it bottom out?
     
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