TLG Chart, page-3856

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