Tiziana Life Sciences (NASDAQ:TLSA) bounced nicely off the rising EMA9 again on volume. Based on the chart and price action, I think the stock should test its declining EMA200 very soon. This COVID play should be kept on watch.
Retail traders have been primarily momentum and trend based, so with this in mind, lets keep it simple and look at the longer-term uptrend and assess price action around this support in the near-term. Perhaps Musk can pull it out of the bag and promote a resumption of the bull trend, but the headwinds are growing and if they lose the momo crowd, the shorts could...
$TLSA Target 4.82 for 31.34%
Or next add level is at 2.52
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
Possible entry 3.52/3.55 on a trending support hold
Okay, here's a possible move play! Favorable trading and charting conditions in my opinion. Why?
1. Wedge formations can become parabolic signals. The highs and lows are trading inside this wedge.
2. This is an upwards trending stock, with the pricepoints holding, again inside this wedge.
3. The Stochastic...
There going to be no more published charts folk! However...
Feel free to study all of my published research to date via my Avatar. I will continue for the time being with my research using Trading View but will only be publishing private idea's from now on. Thanks for following!
Absolutely stunning chart. Elon Musk's Tesla is now worth more than the legendary Berkshire Hathaway holding company run by Warren Buffet.
From a pure cashflow perspective, this might not make sense... but from a growth story perspective, maybe there's some logic here? Thoughts?