Guys my apologies I was in a rush and re-reading what I posted I may have not made it clear where I see the stock headed.
Due to the two price overlaps with the 2018 high (blue circles) this move up since 2018 looks like a corrective move counter to the move down since 2015. What that means is that corrective moves generally unwind in the opposite direction they start. In this case the corrective move was up so ultimately it will head to lower price levels. See chart.
This type of move is called a WXY correction.
So while price can climb it is not the type of trade you want to be in as it will ultimately unwind.
Due to this I will be 'Trimming' as prices recover and will exit the trade over coming weeks.
It is what it is......some charts unfold pointing to further upside while others reveal that they will ultimately retest lows.
All the best.
TLS Price at posting:
$3.43 Sentiment: Buy Disclosure: Held
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