Talga 2020, page-4

Here's an update of TLG's chart complete back to the date of listing. A huge pennant has been forming since June 2016 around the time the company announced it had lots of collaborative research programs underway. The formation is now approaching a convergence point around 48 cents. As with all formations of this kind a breakout when it occurs could go either way, whichever it is will likely be driven by good or bad news.

With some 75 irons in the fire and promising developments in the EV anode space my bet is that the breakout will be to the upside.

Given the cycle pattern in the chart is tightening my thinking is that breakout will occur in the next three and six months. A move up to 70 cents and then $1.10 is a possibility. Beyond that share price predictions are pure guesswork but a strong move to around $1.70 followed by consolidation and another upside move from there would create a target in the high 2s somewhere around $2.80.

We all know the potential market cap of the company is in the billions so a five or six fold increase in the share price from here, in that context, would not be out of the question, it all depends on market opportunities and management's ability to capitalise on them.