In the chart above, we see a stair-step rally with support being established every $0.25 higher at $2.75, $3.00, and $3.25. But the most recent rally did not correct to $3.50, it corrected sideways and then raced sharply higher. Our favorite indicator has a bullish alignment.
This longer picture of TSYS shows that the current advance got started in the middle of 2012 with supportive technical studies and a rising 40-week moving average. Prices are on the extended side of things, so waiting for a sideways correction or a two-day dip would be our preferred way to enter the long side.