Got in yesterday with Qty 100,000 at $3.17 and out today at $3.24, with $6k net. Not to be sneezed at for a 24 hour job.
The hourly chart is showing some negative divergence on RSI (first chart). My main reason was that 6k is 6k and you can't take a loss by taking a profit as Rivkin always said. The other is the negative divergence on hourly RSI. Trade it, not marry it.
It is not a BHP or NAB, but the outlook to December is looking steady and slowly up for TLS.
My feeling is that this world virus stock market crash was just a nuisance inside the general TLS's uptrend that started from the June 2018 low of $2.60. TLS just had to be knocked down with everything else.
There actually might be a time when she very quickly gets back to $3.40 and $3.70, then $4.00.
If you look at the longer term daily, you see that she is still in an uptrend since June 2018. Uptrend still intact. So that does have meaning. She really just requires patience and a 1-5 year outlook.
Just wanted to add this for those who want to listen to my current thoughts on it.
TLS Price at posting:
$3.24 Sentiment: Buy Disclosure: Held
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