TLS chart, page-331

Unfortunately, this is going down. But my feeling is it is because of general market and chart pattern and chart target reasons. Not really TLS news or condition. Once the pattern is complete and the bleeding stops, this should go back up to $3.00.

What has formed in the past 2 weeks is a bear flag as shown. The high was $3.09, then a leg down and a pause. The support or low during the pause part was $2.86. So that length is 3.09-2.86=0.23c. The high during the pause part was $2.95. Now take 0.23c off that high during the pause, $2.95 -0.23=$2.72. This should go to touch around $2.72.

This $2.72 also coincides with the low on 26th July after the June bounce and in the infancy of the exponential run up to $3.41.

At $2.72, the target of the current bear flag will be complete, but the double bottom with $2.60 will still be outstanding. The double bottom quotes around 3% proximity to the previous low (get to within 3% of previous low). Meaning the price coming to 1.03x 2.60=$2.67 should do it.

If TLS ultimately gets to $2.67 area and bounces on strong volume, then that is it, it will be all up from there and the final bottom would be in. Enjoy the slow ride back up to $4.00 and $5.00 in the next 2 years like WOW and BHP behavior.

This management and chairman still has to go. Presided over a 60% drop in share price starting precisely after taking control over the company. Totally unacceptable.

Good luck fellas.