Shrimp2Whales
Long

TAUG - Tauriga Sciences, Inc. - Daily Chart - Cloud and Gaps

OTC:TAUG   TAURIGA SCIENCES INC
38 0 0
TAUG             has seen two significant runs in 2014. After watching how this trades, I have formulated my prediction based upon the chart and my limited knowledge of trading - so it's not professional analysis by any means. I am posting this 'idea' to simply grade my analysis as time progresses; this is not recommendation to buy or sell securities.

I feel that we are slowly trailing downward towards that gap which I think will fill in this week or early next week. If we continue this downtrend, we might even see it fill the lower gap . Buying support at current .026 level is encouraging me to think that it will be tough to fill/test the lower gap area. It could trail sideways/ downward for a few months in which case this lower gap will fill in.

My prediction here: trail towards lowest gap, then run to fill high gap and then retest .05 from there. I am not particularly certain on timeframe, but I'd bet that we fill all gaps before moving to higher sustained levels. Until revenues or some positive catalyst comes along - this is all technical players shifting this in their favor.

Now here is the incentive - gaps typically fill in, we know this. BUT looking at the incentive to run this down to the lowest gap, we can see that from there we can find much more long term support (undervalued buy) and I think many who have run this thing up before will see another 'easy setup'. Look at it this way: From the lowest base of lowest gap to highest top of upper gap - roughly 243% upside. The buying pressure at .026 is pretty solid this week as of Fri             , so imagine the support we might see at say -50% off @ .0127 - it would be enough, in my opinion, to spark another fire under this sp             . Just the alerts on volume will attract the crowd - same as before. No pump needed. Technicals are enough to walk this puppy up and down the road.

I can't say for sure that there will be no unforeseen circumstances that will play into the share price, but I certainly will not rule out another 2x run - I just don't think it will be from .026, but of coarse I hope I'm wrong. I will certainly be watching closely.
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