Hello klokanmaros, although it crossed my mind that we might be in a part of the chart similar to late August early September 2018, yes, it looks more likely we are in early February 2019 as you point out.
After a bearish tendency, finally showed the strength it should to be bullish today.
It has closed under the 22EMA on Friday which was not good. But quickly regained above it today. Volume was good for this time of year.
So, at this stage, the chart indicates TLS is still bullish and has its eye on going up to $4.00 and not down to $3.00. Just slow by nature. If you want more jagged and rapid moves, one should deal with NCM or BHP, or even the banks.
So, if it continues to stay above 22EMA and 50MA and of course the 200MA, we are right for $4.00 in the first 2 months of the new year.
After today, it should slowly be all up and build upon today. Most importantly, respecting the 22EMA.
ash007, thank you. Wish you all here on TLS and other stocks a merry Christmas and good new year celebrations.
I'm off to lay around some Phuket Island beaches but will still have my eye on TLS behaviour and be here to posting my thoughts.
TLS Price at posting:
$3.72 Sentiment: Buy Disclosure: Held
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