TSRO – Tesaro

The Fibonacci Extension Tool and wave pattern suggest upside resistance for the share price around the $146 price area. Any pullback towards the $100 is an area to go long and either buy more shares or repurchase shares that are sold around the $146 – $150 price area. I will try to look at TSRO’s chart in a little more detail over the weekend.

Its current uptrend may get close to the 261.8% Target Line in November, and I would look to take some profits at that level and look to repurchase those shares lower. Repurchases should be made closer to the closer to the $100 area. At least that is how it is setting up right now. We can re-look at the pullback area after TSRO’s current wave structure develops a little more.