TLS chart, page-699

We need TLS to get back above the 22 EMA which currently is around $3.54 and power on. And I think we will.

Getting to and above the 50 day MA will be even better. A solid close above will be a very good sign.

I think Wave 4 ended back in early October when it did the $3.40 low and since then we have been inside the infancy of Wave 5.

TLS is just about to power up the engines towards $4.00.

I'm confident unless TLS fails to overcome the 22 EMA.

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Even given very weak and poor financials, TLS is still on an uptrend and will probably go higher. This must be due to expecting growth and recovery in earnings.

Net profit is falling from 4.1 billion (2015) , 3.8 (2016), 3.9 (2017), 3.5 (2018) to 2.1 billion (2019),

and EPS falling from 34.5c, 47.4c, 32.5c, 30.0c to 18.1c (2019)

at the current share price of $3.52, giving a PE ratio of  PE=$3.52/$0.181=19.44.

Super expensive given BHP=13.17, NAB=15.64, ANZ=12.54.

Happy Cup Day fellas.