I was waiting for today's open and behavior to form an opinion.
Opens same as yesterday's $2.81, that becomes the high and backs off it again.
The price has moved over that upper trend line now but not a green candle.
One would think it has topped and will fall down from here.
However, from what I am seeing in its behavior so far, it's being supported and a fall back down might not be happening..
What I think might be happening is providing it doesn't go below $2.75 and it doesn't break the 22EMA line (bottom chart), we are going to get a few days of horizontal action, where it trades in a range between $2.76-$2.81, before it resumes up along a smooth curve (as shown in bottom chart) reaching a target of $2.96-$2.98 (just falling short of $3.00). What happens after that is no guarantee, with possibility of a pull back as deep as $2.68.
This is my opinion based on the support and action I am seeing. But like I said, my projection is only providing price doesn't do a large body red candle tomorrow that falls under $2.75 and as long as price holds the 22EMA line (bottom chart).
Holding the 22 EMA line for a few days will be the hint that my scenario will pan out.
I will buy more after watching to see the price doesn't breach the 22 EMA line and buy on a day where it goes down to touch that line without breaching it. Around $2.76-$2.75 would be good.
My opinion. Not advice.
Good luck, go TLS.
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I was waiting for today's open and behavior to form an opinion....
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Last
$3.95 |
Change
0.000(0.00%) |
Mkt cap ! $45.63B |
Open | High | Low | Value | Volume |
$3.95 | $3.95 | $3.93 | $96.25M | 24.40M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16267 | $3.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.96 | 837243 | 55 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16267 | 3.940 |
10 | 110715 | 3.930 |
21 | 722344 | 3.920 |
12 | 218790 | 3.910 |
32 | 171022 | 3.900 |
Price($) | Vol. | No. |
---|---|---|
3.960 | 814646 | 52 |
3.970 | 335026 | 30 |
3.980 | 758671 | 40 |
3.990 | 448650 | 48 |
4.000 | 703239 | 153 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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TLS (ASX) Chart |