Hello FT, on a bigger picture if we look at the telecommunication services, the whole sector, there is a very clear Elliott wave on a monthly since February 2015 with possibly the March 2020 lows as the end of wave 5. The only thing that bothers me is that wave 5 at least the way I have marked it is very short in terms of time it only lasted 6 weeks , in price is about 86% of wave 1, but that lasted 9 months. Also wave 1 and 3 both finished with double bottoms, wave 1 there was 107 days between the lows and wave 3 178 days between the lows of the double bottom. It is 199 days since 23 march and no sign of prices coming back to the march low, in fact they are staying above 50% retracement. That would suggest a strong position for the sector as a whole, and TLS is the dominant player in this sector. Do you think wave 5 is finished or do you have a different look at the wave count?
TLS Price at posting:
$2.81 Sentiment: Buy Disclosure: Held
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