Hi fasttrade earlier in this thread you analysed TLS as being in Elliott wave pattern wave 3 from 24/12/18 to 9/8 19 . and 5 from 3/10/19. The waves are similar in some regard mainly in time, as I posted before we are running at a slightly lower angle currently. The largest retracement in wave 3 was from 23/4 to 8/5 the low was 135 calendar days from start of wave 3. Yesterday was 133 calendar days from start of wave 5, the low is still above 50% retracement of this wave. Looking at what happened after 8/5/19 I would say that from monday TLS is going to pick up pace and go up at a higher angle then the first part of this wave 5. Also quick look at TPG chart and yesterday it gapped up, hit exact 50% level between 2016 high of 12.70 and 2017 low 4.86 and closed right where it opened, today is down 12 cents so not exactly super confidence there. Cheers!
TLS Price at posting:
$3.77 Sentiment: Buy Disclosure: Held
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