TLS has had many plunges like this. The thing to note about this...

TLS has had many plunges like this. The thing to note about this recent plunge is the shape post plunge. It has this rounded shape. It stopped and rounded there for a few days around $3.02-$3.03.

The close just before the plunge was $3.39. if you go back to February 2010, you see a similar plunge where it also closed the previous day at $3.39. That ended at $2.91, -14% drop. I think we will get something similar this time. They were also profit warning type announcements followed by ex div.

The thing to take away from when there is this rounding is that the fall is often stemmed not far after ex div. In other words, after ex div, I don't think it will decay all the way down to $2.60-$2.70.

Should halt around $2.91-$2.94 then a strong bounce arrives to bring it back to pre ex div, ie. back to around todays levels of $3.07.

I also think to $3.29 by December.

After that, I cant guarantee. Then the decay possible down to $2.60.

That is my take from the shapes. Low $2.90's then a rapid back to $3.07 area, then to $3.29 inside 3-4 months. What happens then I can't see yet, possible $2.60. But if $2.90's not broken then means uptrend from June 2018 still intact so could be $3.80's.

If you held into tomorrow and got the div payment, by the time the money hits your bank in late September, TLS will be back to today's level and more.

Some assholes might give me shit about charts and hindsight, but I think I have a good feel and this is what I think. At least I take the time to look into it and write it down here.