TLS chart, page-983

Hello klokanmaros, didn't have time to reply on Friday. Once I saw different dates and some numbers, it was clear I needed more than a few minutes to understand what you were saying.

What you are saying is that those two "t" components of time are roughly the same at 135 days come Monday. I see what you are saying, but I don't know if it is relevant. There should have been a better recovery on Friday, not just 1c recovery.

I remember that afternoon when TLS had its largest pull-back inside of Wave 3. It was the afternoon where the ACCC announced that it had blocked the TPG/Vodafone merger. But note how TLS also fell on that day -2% together with TPG -13.5%. But the following day, TLS had a think about it and decided to continue going up regardless and went all the way to $4.01. According to that day, TLS's preference was for the ACCC not to block and let them merge. Why? Because TLS saw that as less players out there in the mobile market (reduced competition-exactly what ACCC didn't want). That is 4 players merged to just 3 would less telcos out there and less the better. And yet this time, we got that outcome and TLS didn't like it and this time went down.

My concern now is that TLS has had 3 goes at going to $4.00 and hasn't been able to and there is negative divergence on the weekly RSI (as show in last image).

I can't believe TLS is worried about Vodafone who has reported losses and losses from -$92 mil increasing to -$153 mil and TPG a profit of $173 mil. And where TLS is a company that reports billions not millions.

I don't see the merger as a negative but a positive for TLS.

The question is, are we in wave 5 or still in Wave 4. If 4, we could see $3.40 and easily $3.54 again. On a positive note, we are still trading just above the 50 day MA and also above the 200 day.