Happy Long Weekend. It is a good country we live in. Appreciate. Low population, good weather and clear skies, good beef and milk, surrounded by sea for fresh air and protection, good water and good working hours and wages. Just need better leaders who don't keep changing as often.
The short term (hourly) chart is showing clear negative divergence on RSI. This means weakness and fall on the way.
That gap between $3.76-$3.77 on the hourly is still outstanding.
Looking at the Fibonacci levels, the level that I often anticipate as going to happen as a more harsh case is the 0.618 level. That level says $3.69. The 0.5 level says $3.73 and the 0.382 (very mild pullback case) is $3.77.
I would say now is the time when TLS weakens and takes care of the $3.76 gap on the hourly.
The trend is still up however. So I think buying the dips as MKI4EVA also mentions is ok.
TLS Price at posting:
$3.88 Sentiment: Buy Disclosure: Held
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