TLG 0.89% 56.5¢ talga group ltd

Morning all, Halfway though December, have seen some indecision,...

  1. 298 Posts.
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    Morning all,
    Halfway though December, have seen some indecision, testing range highs as well as the monthly support at $1.35.
    Currently looks ok nestled above the 5ema.

    https://hotcopper.com.au/data/attachments/3898/3898740-4551d09b0ea359f7de66232eae58834d.jpg



    Base case if for further consolidation between $1.35 and $1.63 before eventually breaking out to the upside.

    https://hotcopper.com.au/data/attachments/3898/3898864-c32563845fd1ef5d71d2c5836ed42450.jpg


    In terms of the downside, a monthly close below $1.36 would be a warning and bring range lows into play.


    https://hotcopper.com.au/data/attachments/3898/3898770-3e4e5f502fdfaded37c7dada8013e49c.jpg


    FOMC meeting in the US overnight has bascially greenlit
    risk assets for the next couple of months.
    Expecting TLG to consolidate and move towards the range highs before significant news catalysts in the new year.

    Best of luck to all holders,
    PM
 
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