could be a bit more upside for this one maybe. Fundamentally quite good except for the nbn mess which can easily turn positive for TLS as they are so cashed up! Technically, it looks as it could potentially make a move up. Looking on the daily chart it was way overdone on selling yesterday imo. Maybe a few fund managers got back from holidays and decided to flog it off for no real reason at all other than to lock in some profits. TLS is sitting on the bottom of a distribution channel at the moment which started to take shape around May 08. Today was a very interesting day I feel as it ended up as a harami cross pattern. These are viewed as major reversal signals. A move up would confirm this and if my analysis is correct Tls could potentially head up to $4.25- $4.30. There is also a nice big gap that hasn't been closed. Key resistance is $3.90 imo. One gets the feeling that the market is just itching for some good news that will trigger some sort of rally and the bargain hunters will have a new years feast!
TLS Price at posting:
$3.73 Sentiment: Buy Disclosure: Not Held
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