Hasbro $HAS has been falling even before Toy's R US filed for bankruptcy. But recently, it found support around 88.00 after Hasbro made an offer to acquire Mattel $MAT (maybe 3rd time is the charm). HAS Daily Chart(click to enlarge)Key Resistance:- After finding support at 88.00, HAS has been rebounding sharply. - But now, there is a key resistance around 99.60-100. - This is a psychological level and resistance. - It is also a confluence of common resistance 200- and 100-day simple moving averages (SMA).- The RSI is around 60, and if the market is still bearish, it should probably turn back down soon. - A break above 100 on the other hand could be a sign that HAS is not longer bearish.MAT Daily Chart(click to enlarge)Bullish Reversal Attempt:- After a persistent downtrend in 2017, HAS umped after HAS started talks again to acquire MAT. - If we see a pullback and the market holds MAT about the 14.50-15 area, then we can expect some more upside. - The RSI in this scenario should stay above 40. - In the short-term, there is a lot of resistance around 20, so we should limit that as the maximum outlook for now.