TLS is now comfortably trading above the 22 EMA. This is better than just on it or struggling to get to it. Yesterday's action was an approach back down towards it but then bouncing off the day low.
What we now need to look at is how TLS behaves as it approaches the 50 day MA line.
This is the test now.
Needs to go to it and touch it and show signs of holding it for a few days. A move through it and above it in a clear and swift way with a strong green candle will be a very good sign.
The price action of late is looking more like in the first half of the year. Price has finally returned to strong and bullish again after 2 months and after its dump down to $3.40. I feel TLS will overcome the 50 day MA after a few days flirting with it.
Resistance will be at $3.69 point.
TLS chart, page-655
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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
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |