TLG Chart, page-3107

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tigmeister

14,025 Posts.

139

06/12/23

14:45

Post #: 71304740
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Originally posted by Lies&damnlies: ↑

Hi Folks

I am a chartist and this is just how I read the chart.

This is an update on my previous chart post. As you can see we are into my "1st target area" today.

In my opinion far too easily after the CR at $1. I have marked with a red ellipse an area of concern for me on the chart. There was a 90 minute dump of 1.5 million shares down to 88.5 which is also todays low.

I have included a potential 2nd target zone in the 38-50% FIB region. C-wave extentions into this region are not as uncommon as people think.
There is a smaller downward FIB starting at 1.43 down to that red ellipse. I kept it of the chart as it will become too cluttered. But it also targets that 2nd target zone.

In an earlier post I mentioned 75 as an outside chance and got several reactions. I no longer think that its an outside chance.

Both the weekly and monthly charts are bearish to say the least.

There is a lack of serious buyers, no one showed up in the 90s of any significance. I hold no great hopes of their arrival in the 80's. I am half expecting a bounce in the 70's from bargain hunters,.

This is a serious downtrend and we are in need of trend changing news. I am not sure that a Supreme Court decision will fit the bill, we need something else.

Just the way I deal with the markets so that I am not surprised by what plays out, as always DYOR.

We shall see?

cheers Lies

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If you can chart Ukraine PR spin in the West, you will find it correlates pretty closely to Talga's share performance.

TLG Price at posting: 87.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 42.5¢		Change -0.070(14.1%)		Mkt cap ! $161.5M

Open	High	Low	Value	Volume
45.0¢	45.0¢	38.5¢	$1.223M	2.946M

Buyers (Bids)

No.	Vol.	Price($)
1	85000	42.0¢

Sellers (Offers)

Price($)	Vol.	No.
44.5¢	26686	1

View Market Depth

No.	Vol.	Price($)
1	85000	0.420
2	17923	0.405
3	48914	0.400
5	29677	0.395
5	76552	0.390

Price($)	Vol.	No.
0.445	26686	1
0.450	125000	3
0.460	285	1
0.485	2062	1
0.490	15612	1

Last trade - 16.10pm 29/07/2024 (20 minute delay)

TLG (ASX) Chart

TLG Chart, page-3107

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TLG Chart, page-3107

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