TLG

5.17%

61.0¢ talga group ltd

Charts look bad and fundamentals look even worse. I think...

First 3879 Last

Share
Profile

Follow
tt2000

4,980 Posts.

1248

22/08/24

23:48

Post #: 75334014
Share

Originally posted by Lies&damnlies ↑

Hi Folks

I shouldn't have been so hard on the Swedish SC in my last post.

Why am I reminded of the old Looney Tunes cartoon with Sam the sheepdog and Ralph the wolf, that do battle every day and then use the bundy clock at the end of the day and say "see you tomorrow". The Swedish SC is just doing their job and deal with what's presented every day. The unknown question is when will the appeals case be presented.

I am a chartist and would not be doing my job here unless I presented some chart info that I see. Not saying it's going to happen but not going to ignore the possibility.

That downwards FIB on my weekly chart after the A-wave down and B-wave bounce is pointing to the C-wave downward extention of 23.6% to 0.22.

I can hear the cries of that I am being ridiculous already. However if there is silence from the SC until 2025, not so much. Why?

People tend to ignore the history that is presented in the charts. TGL has filled many gaps on the way down from 2.00. There is a so far unfilled gap created on 27/04/2020 of 0.29-0.30. In charting terms that's not a long time ago. Lith stocks like PLS, SQM, ALB , Tianqi and Ganfeng have been filling many gaps of the way down from their peaks with the recent ones being filled formed about 2020.

Yes that gap 0.29-0.30 is roughly equidistant from the current SP (0.395) and from 0.22 that the FIB is pointing to.

However on 19 Mar 2020 not long before that gap was created the SP fell to a low 0.175. That's why I am not totally ignoring that FIB.

Not all gaps are filled, some are called breakaway gaps for a reason.

With news from the SC before Christmas then that unfilled gap will be labelled a breakaway gap and my downward extention FIB will disappear up in smoke. Where the SP gets to because of a lack of buyers after the CR and loyalty options dates is a guess. I won't be disappointed when the news arrives as it means that the finally serious journey begins.

Sadly I have never found a way to chart any news let alone news from the Swedish SC.

Just my opinions so DYOR.

cheers Lies

Expand

Charts look bad and fundamentals look even worse.

I think without the SC decision it is inevitably going lower.

Last oversubscribed subscribed CR was $1.00 in Nov-23... now here we are in the 30s..

First question tomorrow is the CR at $0.38 even oversubscribed.

If it can drop to 38% of the the last CR, and this one is not oversubscribed, wouldn't want to be predicting just how low this is going

I think $0.175c is very realistic without help from the SC

TLG Price at posting: 39.5¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

There are more pages in this discussion • 295 more messages in this thread...

First 3879 Last

Add TLG (ASX) to my watchlist

(20min delay)
Last 61.0¢		Change 0.030(5.17%)		Mkt cap ! $261.6M

Open	High	Low	Value	Volume
58.0¢	64.0¢	57.0¢	$2.050M	3.422M

Buyers (Bids)

No.	Vol.	Price($)
2	50903	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	29998	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.600
1	10000	0.595
2	17100	0.590
2	31089	0.580
2	13351	0.570

Price($)	Vol.	No.
0.620	1057	1
0.630	50000	1
0.635	52714	3
0.640	116543	3
0.645	21996	4

Last trade - 16.10pm 01/11/2024 (20 minute delay)

TLG (ASX) Chart

Charts look bad and fundamentals look even worse. I think...

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Charts look bad and fundamentals look even worse. I think...

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

What each US election outcome would mean for Australian companies & investors

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News