So much for the breakout yesterday. Looks like a red candle is taking hold today.
I had mentioned a rise to at least $3.28. And that has happened on the open today. Too bad I was sleeping and missed selling it there. A few hours sleep cost me 30k. Oh well, not everything is money.
I had also mentioned that the RSI will be the indicator to watch as the price rose towards $3.28.
What we have now is TLS getting rejected off $3.28 which was a previous high point the day after ex div (30 August), with RSI and DMI showing negative divergence. That is, the price rose towards the previous high of $3.40 but the RSI and DMI are nowhere near their previous highs.
So, it this run TLS had from $2.98 to $3.28 (30c) may be out of steam. We now have a chance of a pullback where the $3.03 gap might be filled.
However, today may just be a weak day with some profit taking and TLS might hold the $3.20-$3.22 area tomorrow and slowly resume on up and have another go at $3.28. Need to see tomorrow's action. The $3.20 level needs to hold if it is a case of another shot at $3.28 and above.
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Last
$3.83 |
Change
-0.020(0.52%) |
Mkt cap ! $44.25B |
Open | High | Low | Value | Volume |
$3.85 | $3.88 | $3.81 | $96.28M | 25.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1630 | $3.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.84 | 141391 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1630 | 3.830 |
6 | 70901 | 3.820 |
17 | 182537 | 3.810 |
38 | 321874 | 3.800 |
24 | 645796 | 3.790 |
Price($) | Vol. | No. |
---|---|---|
3.840 | 141391 | 4 |
3.850 | 61194 | 9 |
3.860 | 110461 | 6 |
3.870 | 198408 | 9 |
3.880 | 342245 | 27 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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TLS (ASX) Chart |