First tag of the monthly support last week and heading for further testing today.
Couple of difference scenarios below this could play out.
Base case - think we're likely in for some sideways chop and consolidation, testing the range lows at some point, would see quite a high level of rotation forming the base for the next leg higher when news catalysts are ready.
Bullish case - we see $1.35 hold, a push to the range high, some resistance before a break and weekly close above $1.63. In this scenario the price finds good support in the midrange and tends to occupy the top half of the range.
Bearish in red, likely coinciding with a larger market drawdown and very high volatility in US, we'd lose $1.35, test the range low and eventually lose that to go and retest previous high.
First tag of the monthly support last week and heading for...
-
- There are more pages in this discussion • 1,499 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.5¢ |
Change
-0.015(3.49%) |
Mkt cap ! $157.7M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.3¢ | 40.8¢ | $456.3K | 1.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19613 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 20000 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| TLG (ASX) Chart |