TNGX Should I Buy

TNGX is not a good buy right now. The longer-term trend looks constructive (bullish moving averages), but near-term momentum is weakening (MACD negative/expanding) and options positioning is decisively bearish (heavy put bias). With no fresh news catalyst this week and no proprietary buy signals today, the risk/reward for an impatient buyer is unfavorable at current levels (~11.84 post-market).

Trend/structure: Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), signaling an overall uptrend. However, momentum is deteriorating: MACD histogram is -0.105 and negatively expanding, which often precedes short-term pullbacks or chop. Price levels: Post-market ~11.84 sits below the pivot (12.156), which keeps the near-term bias slightly defensive until it reclaims that area. Key support is S1 at 11.216 (a logical downside magnet if weakness continues). Below that, S2 is 10.636. Upside resistance is R1 13.096 then R2 13.676. Oscillators: RSI(6) ~49.6 is neutral—no oversold condition to justify an “impatient” dip-buy. Near-term expectancy (pattern-based): Model suggests ~50% chance of a small dip next day (-0.18%), but a positive skew over 1 week (+4.13%) and 1 month (+11.61%). Given current momentum/positioning, the path may include a retest of support before that upside plays out.