Look for signs of divergence, best i can find is using the Chaikin Oscilator, which is difference between 3 and 10 day moving average of the Accumulation Distribution Line. The 3 to 10 days is a good numbers, because it can get distorted from the gap after Dividend. The AD also goes on volume, which i think is important because large volume is needed to move the SP beyond the psychological barriers. Its trending towards a divergence signal, because the SP has been declining but AD has been fairly steady recently, but its not there yet, the trigger to signal divergence is when it crosses 0. The AD Line should be following the price line to confirm the downtrend, and its not doing that. SP needs to get about $2.87 to break upwards, which looks like a big ask, so i think if it is pushed un-naturally below $2.80 (by big money), they will struggle to keep it there, it will be pretty frantic. And lets be honest many of us here are waiting to jump in below $2.80. https://www.tradingview.com/x/OCDFKJRD/
TLS Price at posting:
$2.82 Sentiment: Hold Disclosure: Held
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