point & Figure (P&F) is a charting technique used in technical analysis. Point and figure charting is unique in that it doesn't plot price against time as all other techniques do. Instead it plots price against changes in direction by plotting a column of Xs as the price rises and a column of Os as the price falls. As TSRX is still in an upward bullish trend since May, their current preliminary bullish price objective is $25.75. There has been no bad news to change this trend and this last jump in SP was done with some serious volume indicating it's here to stay.
Several other technicals point to an oversold and even a bearish harami candle based on the recent high vol. run up, but these are more inter-daily views and still need confirmation. Also this being a story stock one must not place as much credence in technicals as news trumps all in the end. Great to trade around a core but you might get left out if you sell out just bfr. a buyout announcement is made based on technicals. Hope this helps.