Hi Folks
I haven't posted a weekly chart for a while.
I am not a fan of the current weekly chart. If I was shown this chart with the company name removed I would say it's a bearish chart. Of course there is the pending decision from the Swedish SC , but I can't chart the news. Time is the killer factor. Another 3 months with zero news that bear will grow in size.
Back to the chart and the bearish signals.
* Both the 10WMA and 40WMA have been fall fairly strongly with the 10WMA crossing below the 40WMA since June 2023. Bearish.
* There was a DCB in March this year and then crossed below the bounce start. Bearish
* The weekly candles only occasionally summon enough strength to cut into the 10WMA and for the last 6 weeks well below it. Bearish
* The weekly MACD again turned negative 7 weeks ago after the DCB.. Bearish
* RSI(5) has been under 50 for months. Bearish.
* The FIB's on the chart are ugly. If it had bounced after reaching down to 56c again I would have thought it was even-steven's between bulls and bears.
It didn't happen.
The capital raise makes sense with TLG facing a protracted of cash burn. However CR sometimes has a tendency to dry up buyers. The options add further complication.
I am weighing up my options on the uptake because the outcome is totally dependant on the timing of the news. So it's equally easy to be judged a genius or a fool.
So DYOR.
cheers Lies
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Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $173.6M |
Open | High | Low | Value | Volume |
41.0¢ | 42.0¢ | 40.5¢ | $59.71K | 145.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 38131 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 15141 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 38131 | 0.405 |
8 | 78111 | 0.400 |
2 | 33040 | 0.395 |
6 | 36617 | 0.390 |
3 | 75974 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 15141 | 1 |
0.435 | 17122 | 1 |
0.450 | 32000 | 4 |
0.455 | 39990 | 2 |
0.460 | 52617 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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