Interesting Potential TAYD Setup

• Price action: TAYD at $48.71, holding steady after a strong summer rally. Price consolidating below a major resistance zone near $55.

• Chart context: VWAP (red) acting as pivot with blue ±1 SD bands defining the range. Price has built a rounded base above $45 and is curling higher.

• Volume profile: Heavy congestion around $45–48 suggests strong demand in that zone. A clean break over $50 could accelerate toward $55, while failure would send it back into the high $40s.

Scenarios:

• Hold above $47–48 → breakout attempt toward $55, potential extension to $60 if momentum persists.

• Fail $47 support → slide into $44–45 congestion before stabilizing.

Key watch: Can buyers sustain control above $48 and push volume into the $50+ zone? That’s the trigger for the next leg.

Base case: Continued consolidation $47–55 with bias higher. A breakout through $55 opens upside momentum.

Higher levels are from prior year value area’s.

Light watch on this one…

-Roy

AE Report