TLS chart, page-577

Since its bottom and recovery from June 2018, TLS has been following Elliot wave and has beautifully carved out 3 waves of a typical 5 wave structure. It has recently completed wave 3 and appears to have entered formation of wave 4. Wave 4 hangs around a bit, consolidating. Once this wave 4 is done and dusted, TLS should resume its move up with a one final wave 5 that breaks through $4.00 and beyond.

They say that wave 5 is about the size of wave 1. So wave 1 was 3.40-2.60=80c.

The question is where will wave 4 take us down to. It is said that wave 4 can't go further below the top of wave 1. If we take that, then we shouldn't go under $3.40 here.

According to the projection guides, wave 4 end is 0.382 of wave 3. Which gives us $3.51 as show in Fib chart. And that is what has happened and what we have got so far, exactly $3.51 low a few days ago.

If our low here is $3.50, then we add onto that 80c (rule that wave 5 is same size as wave 1), then we get $3.50+80c=$4.30. And $4.30 is exactly the top of that spike up back in August 2017 before the useless and poor management started damaging TLS share price.

It looks like we may be at the end of the recent downtrend that is wave 4. But, somehow I don't believe it and this can go all the way down to $3.40 or even $3.24-$3.26.

If the recent $3.51 is the bottom here of this recent pull-back from $4.01 and is end of wave 4, then holders may be ready to enjoy a ride back up to $4.00 and to $4.30 in the months ahead. By April 2020, TLS could be trading at high $4.20's.

By the way, I still think CEO Penn and Chairman has to be replaced. The sooner this management is replaced (and will be) the better for TLS.

My analysis on it. Good luck.