TLS chart, page-1272

I think yesterday we finally reached the end of this move down. Always the case the end comes with a final sell.

The two things to note about yesterday's move was that it broke $2.80 and closed at the low of the day. Finally breaking $2.80 after many days of support from it and after today's bounce with green candle, shows that yesterday's action was a "bear trap". Look up bear trap for those who want to know more. It is the exact tactic that happened.

We should now get a move up to around $2.95 and should also get to sit above the 21 EMA line. RSI should also be able to reach 50 level now. Where price needs to be watched carefully for follow through upside or further sell off.

Duration of this sell off is now comparable to previous nasty sell offs (-22%/3 months), further supporting a move up now.

It is a move up, but not the bottom. I feel $2.80 will come again in a few weeks. If bottom, great, but this stock is such a bad performer that I would not be surprised if we go back down again in a few weeks. With $2.65 giving more confidence of a bottom.

I like the recent new thread heading -  TLS worst stock on ASX.

It certainly is. With doggish behavior starting August 2016 on the announcement of 3 Billion 5 G network spend.

ASX goes down = TLS goes down more. ASX bounces = TLS doesn't do much. Equals dog stock.

TLS is the only stock in the top 10 that is trading lower than the Covid triggered March lows and probably one of only few that has not been able to give any bounce since March. Total dog and underperformer.

Management needs to be made aware of the chart.

Still hope though. Mainly based on "enough is enough" and even dog stocks find a bottom.