I have been watching TLS shares trading activities closely with great interest for the last six trading days and noticed an increase in volume and momentum to the upside. Share prices closed today's session 1/5/2018 in the green zone for 6 consecutive days.
It has also broken out of the downward price channel to the upside closing just above 3.17, a critical resistance price point no turn support.
Share prices need to break and hold above 3.22 and also it's 500 EMA in blue colour before we could confirm a reversal to the upside.If successful then we could be looking at 3.26 and 3.31 the next two target/resistance price points
Failure to hold above 3.17 could see prices fall to around 3.13-3.09
It has also broken out of the downward price channel to the upside closing just above 3.17, a critical resistance price point no turn support.
Share prices need to break and hold above 3.22 and also it's 500 EMA in blue colour before we could confirm a reversal to the upside.If successful then we could be looking at 3.26 and 3.31 the next two target/resistance price points
Failure to hold above 3.17 could see prices fall to around 3.13-3.09