The move to $2.86 was a gap filler inspired by an up market. This move up stopped short of breaking the long term resistance that had formed. On the daily chart TLS looks like it can fall into the $2.70 area as we head towards the annual report. It technically has been over bought in recent days. The market here does appear jittery. A strong market can obviously break the resistance and head tls towards the upside, however i feel its unlikely until traders know the findings in the annual report. Concerns will obviously center around growth strategy, cost reduction and dividend stability. Good luck to everyone
TLS chart, page-133
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Last
$3.82 |
Change
0.090(2.41%) |
Mkt cap ! $44.13B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.83 | $3.76 | $144.1M | 37.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41410 | $3.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.82 | 559861 | 18 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |