Haven't been here for a while.
Below is the point in time on the TLS chart when TLS reported full and half year results since Penn came in as CEO. Almost all past August and February is where a fall has commenced after Penn spoke. Miraculously, one exception was February 2019. all other August and February is when a sizable fall took place lasting weeks ranging from 10-20 % falls.
I'm expecting this week to be no different. I think we will be back trading in the $2.80's again in a few weeks. This will also allow for the gap between $2.87-$2.89 to be filled left there on 10 November.
Will slowly come in close proximity to within 3% of the October low, creating the ideal and last time to buy TLS under $3.00 during a double bottom process. Then all up from there for TLS, a multi consecutive year rise back to $5.00+.
My opinion only. I am just seeing some shapes and signs on the chart that I could be right. Happy to admit I was wrong if it pushes past $3.20 and onto $3.50 after this announcement.
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