So much for the breakout yesterday. Looks like a red candle is...

So much for the breakout yesterday. Looks like a red candle is taking hold today.

I had mentioned a rise to at least $3.28. And that has happened on the open today. Too bad I was sleeping and missed selling it there. A few hours sleep cost me 30k. Oh well, not everything is money.

I had also mentioned that the RSI will be the indicator to watch as the price rose towards $3.28.

What we have now is TLS getting rejected off $3.28 which was a previous high point the day after ex div (30 August), with RSI and DMI showing negative divergence. That is, the price rose towards the previous high of $3.40 but the RSI and DMI are nowhere near their previous highs.

So, it this run TLS had from $2.98 to $3.28 (30c) may be out of steam. We now have a chance of a pullback where the $3.03 gap might be filled.

However, today may just be a weak day with some profit taking and TLS might hold the $3.20-$3.22 area tomorrow and slowly resume on up and have another go at $3.28. Need to see tomorrow's action. The $3.20 level needs to hold if it is a case of another shot at $3.28 and above.