Looking like a nice reversal day with open for the day and the low same, $3.45. Then all up from there.
Volume in early afternoon trade very good at 30+ million.
I still think this is a Wave 4 pull-back before wave 5 starts. Just a little deeper and more scary than expected for some. But that is how it works. Money is not meant to be handed out easily.
Doing a bit of investigation, coming out of past TLS bear markets, 2006 and 2010, TLS had pull-backs of size -10%, -12% and -13%. In one case, we had a similar approach to $4.00, then a fall to $3.58. In our current case, we had $4.01 to the low today of $3.45 (-14%). So, all this has happened before and is fine. This time was just a little more aggressive, but we are ok I think.
Remember, it is called a bull run and there will be times when the bull tries hard to kick you off her back. This is one such case.
Besides, Wave 4 should not intrude into the territory of Wave 1 which had a high of $3.41, so the price stopped just before the top of Wave 1. Means we are still ok for Wave 5.
Today and yesterday were actually days to buy, not sell.
I bought a nice chunk yesterday at $3.46 close.
We need a continuation of green for next week and we should get it. Looks like $3.45 was the bottom.
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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 |