TLS chart, page-330

It was looking promising for a while there. I don't know what happened with the fundamentals, but the chart seems to be following the characteristics of the descending triangle formation mentioned a few weeks back.

First a break of $3.00 support, a move down to $2.83, then a bounce back up to back-test the $3.00 (went a little further up than I imagined to $3.09, then failure to hold above and back down. The descending triangle looks to be playing out, slowly. This should now do a gradual decline and at some stage get back to near $2.60 for a double bottom.

The rise back up and beyond $3.00 recently was a fake. The hint was 2 goes at $3.09 but not $3.10 (as shown).

The only thing that will negate descending triangle would be a rapid move back above $3.00 and beyond $3.09.

If and once $2.60 area is revisited and $2.60 is not broken, this should then be ok to do a proper recovery back up to $4.00 and $5.00 by end of 2020. If $2.60 holds on this visit and there is a strong bounce there on good volume, I will sell the house and put it all on TLS and sit back and watch this gradually climb to $4.00 and $5.00.

This management still has to go. Sooner the better.

My view if anyone wanted to know.