We should get a pullback to at least the 22EMA line after ex div.
Will be interesting if the gap fill between $3.05-$3.07 on the hourly chart I put up some days ago happens after ex div tomorrow. TLS traded at $3.17 in early trade. If it closed at $3.17 today, that will get us into the region of $3.06.
But generally, I feel TLS will be in high demand after ex div similar like a pretty 165-172cm, 50kg girl.
So, we might not get the usual weakness after ex div.
The RSI and Stochastics should still come down however.
The price currently hovering and holding around the 200 DMA at $3.20.
The 100 DMA sits at around $2.91.
The 0.618 Fib level is at $3.10.
Could hold and go for the div or keep a keen eye and get back soon after it sheds the div. I feel comfortable either way. I will buy more when the RSI nears 50, stochastic falls and price nears 22 EMA line as shown.
Let's see how we go tomorrow and see what TLS closes this month of August at on Friday 31.
We should get a pullback to at least the 22EMA line after ex...
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Last
$3.62 |
Change
0.010(0.28%) |
Mkt cap ! $41.82B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.65 | $3.62 | $65.42M | 18.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1092958 | $3.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 167188 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TLS (ASX) Chart |