Last time I posted a chart on TLS, I had a look at the medium-term trend which was sideways and consequently fell out of that range.
Whether it will fall back into its historical medium term 2.90-3.45 range is yet to be seen. I think it will.. in these sort of situation more often than not, there is a power short squeeze play - it all comes down to timing and this is very difficult as you are trading against cardinal rule number one - the trend.
Now that we have some information on hand, based on technicals we may indeed bottom tomorrow but only perhaps for the short term.
Bottom line is unless if you got some money to play with, you shouldn't go near TLS unless you have a solid grasp of advanced techniques.. you're going against the trend bad bad bad.. this is a high risk play . The short squeeze will definitely come.. only question is when?? Hopefully my technicals are right!
GL to all TLS holders, I am with you all the way [until I dump my stock that is] :)
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Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.92 | $3.86 | $71.70M | 18.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38826 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 227427 | 7 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |