Hi Folks
I haven't posted a weekly chart for a while.
I am not a fan of the current weekly chart. If I was shown this chart with the company name removed I would say it's a bearish chart. Of course there is the pending decision from the Swedish SC , but I can't chart the news. Time is the killer factor. Another 3 months with zero news that bear will grow in size.
Back to the chart and the bearish signals.
* Both the 10WMA and 40WMA have been fall fairly strongly with the 10WMA crossing below the 40WMA since June 2023. Bearish.
* There was a DCB in March this year and then crossed below the bounce start. Bearish
* The weekly candles only occasionally summon enough strength to cut into the 10WMA and for the last 6 weeks well below it. Bearish
* The weekly MACD again turned negative 7 weeks ago after the DCB.. Bearish
* RSI(5) has been under 50 for months. Bearish.
* The FIB's on the chart are ugly. If it had bounced after reaching down to 56c again I would have thought it was even-steven's between bulls and bears.
It didn't happen.
The capital raise makes sense with TLG facing a protracted of cash burn. However CR sometimes has a tendency to dry up buyers. The options add further complication.
I am weighing up my options on the uptake because the outcome is totally dependant on the timing of the news. So it's equally easy to be judged a genius or a fool.
So DYOR.
cheers Lies
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $184.3M |
Open | High | Low | Value | Volume |
46.0¢ | 48.0¢ | 44.0¢ | $486.6K | 1.075M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7046 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 9215 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7046 | 0.440 |
2 | 12029 | 0.435 |
1 | 50000 | 0.430 |
2 | 112607 | 0.425 |
2 | 131000 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 9215 | 1 |
0.460 | 60000 | 1 |
0.465 | 16905 | 1 |
0.470 | 29403 | 4 |
0.475 | 15000 | 1 |
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