TLS charts ,,lets have a look, go to long term chart first,,,, say weekly ... up trend ended in 2015 double top formed then break to confirm a down trend from that high ,,trend is firmly down now has formed a down falling wedge since that high of 2015 ,there are alot of touches on this wedge to confirm these trend lines ..at present we are at bottom lines of this wedge which has had alot of touches before and bounced off it so it is a strong valid line ..also past data of 2013/2014 has been a strong support come resistance lines ....... so will on weekly chart trade between around $5.00 and $5.50 .. lets break down to daily chart for trades or short term analysis .. it has broken a bearish flag so trend is now down if you price target this ,,that being the flag pole down you will go to $4.70/$4.75 ..I hold this stock ..and think that there is more downside ahead in the aussie market but this is technical analysis ,, and remember this is a major income stock and this price giving near 9.00% return so technical analysis does not show this . it will be taken up big time buy smsf funds for dividend. remember the economy is in a mess with no growth predicted for years ..only selected stock so dividend stocks will become a even bigger player next year when the real numbers come out and china tanks .. remember trade what you see not what you think ......
