TLS chart, page-1234

Im really not sure what to think about the indicators right now.

I think an easier explanation of todays significant drop (significant because of the low), is easiest to explain due to support breaking at $2.85, when support breaks i typically gives higher volume, and falls further than normal as it had previously been held up by that physiological barrier.

The support at $2.85 was broken previously and rebuilt itself, which i thought was a good sign at the time. (i noted it last week iirc).

So now it has to test support at $2.80, and that is hugely significant because of the number of orders waiting there, it shows how many patient buyers are waiting down there. I think it will trigger very large volumes if it breaks and quickly test $2.70, maybe even the same day, pure capitulation.

I really dont know if it will happen though, i feel the share price is going to taunt and tease us for a month and not give us much to go on at all, then we have the AGM, and shareholders will vent their anger, get some satisfaction and get back in the game, or spit the dummy completely triggering such capitulation that even $2.70 might fail to hold.

I expect the directors are feeling a bit nervous about things already, and will try and smooth talk everyone, the big shareholders are probably in their ear already. I dont think Penn can sell T22 as a good enough plan, they need something else now.

Changing sentiment to regret (sell, held)