Elliot wave analysis combined with Fibonacci ratios provides a framework within which to identify regions of value and swings in sentiment that may indicate shifts in market forces. The image i provided shows the entire price history of TLG captured within a Pitchfork on a log scale. Essentially what this graph shows is that the bottom is either "in" or imminent and we should see a significant spike in trading volume and a violent price reversal imminently. If we don't then well things are very bad and i like most of us will have endured a significant financial loss. My average buy price is $1.06 which looks bad right now but if the chart is going to remain technically intact i'm going to be very happy in about a years time.
TLG Chart, page-3809
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 (20min delay)
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Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.3¢ | 40.0¢ | $113.4K | 274.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26469 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| TLG (ASX) Chart |