Shareholders: Yeah, but you created that low guidance, you flagged it real early on and conveniently met it. Yeah, but you butchered the dividend from 0.31c.
I think Penn thinks he's doing very well and wants a pay rise to improve on his 5 million annual salary.
Meanwhile, there seems to be a pennant forming.
I think TLS today is trying not to break $2.83 as $2.83 was one major low into this fortnights worth of bouncing around a possible floor. Low being $2.81 and high $2.93-$2.94.
Should get action by Friday where it breaks out of this formation.
Seeing good positive divergence of RSI on daily. This is good.
I was looking at Elliot Wave again recently and saw something interesting. Looks like we are either at the end of Wave C with $2.81 or very near to the end of Wave C with possible $2.71 (near December 2018 low of $2.71). A full Elliot Wave cycle which began with June 2018 bottom of $2.60 is near completion and we are about to commence a new full cycle 1, 2, 3, 4, 5 and A, B, C again. Means we are near the bottom of the savage fall from August 2019 high $4.01. Nearing the end of the bear market for TLS.
These new waves, once commence, taking us back to $3.40's, $3.80's and this time into $4.00.
Note that our 5th wave back in February pre Covid was a truncated 5th wave (meaning it couldn't exceed Wave 3 high of $4.01)
I'm just putting it out there. Look at the waves and an example of Elliot full cycle and you can decide.
As I finish writing, I notice $2.83 broken to $2.82. But I wont update. Need a bounce tomorrow.
TLS Price at posting:
$2.82 Sentiment: Buy Disclosure: Held
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