Volume was low at 23 mil at 4.00pm close. So, not really "in the know" instos selling before some news tomorrow. Unless a big chunk goes through at 4.11pm.
I'm still inclined to think today was just a trick and aimed at filling the hourly gap from yesterday. I saw that gap on the hourly last night. I hadn't looked at the hourly during the day yesterday. It was a big gap.
Today's action wasn't expected to be red. But these things work contrary. I feel the red candle as it is placed today is still entirely consistent with a reverse and sudden rise up the next day. There are many examples of this kind of action. For now, I am still going with a positive view until the 200 day MA is breached.
You have to remember, TLS is still trading above the 200 and 50 day MA line, which suggests it is on an uprend. Unless there is something in tomorrow's news that causes TLS to fall through $3.77 and $3.69 respectively in one big hit, in which case TLS will re enter a bear market. That would mean this CEO and chairman is failing and has failed.
I also have skin in this game. If I am wrong, I lose money.
Just holding the 22 EMA line at close.
TLS Price at posting:
$3.82 Sentiment: Buy Disclosure: Held
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