Bullish 10p & 16.66p target - H&S - RSI strongExtremely bullish here as progress is being made within the company.
Please watch latest interview with Tony Gilby at Proactive investors.
A very strong Q2 coming with newsflow!
We have an H&S pattern and are within a range at moment 5.36p-6.34p so once that breaks then momentum will come.
RSI seem
Key stats
Market capitalization
16.726MGBX
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
—
Basic EPS (TTM)
−0.00GBP
About TLOU ENERGY LIMITED ORD NPV (DI)
ISIN
AU000000TOU2
Sector
Energy Minerals
Industry
Coal
Website
tlouenergy.com
CEO
Anthony Rechka Gilby
Headquarters
Brisbane
Founded
2009
Tlou Energy Ltd. engages in the exploration, evaluation, and development of coal-bed methane resources in Southern Africa. It holds interest in the Lesedi Coalbed Methane gas-fired power, solar power, and hydrogen projects. The company was founded by Anthony Rechka Gilby and Nathan Andrew Mitchell on April 23, 2009 and is headquartered in Brisbane, Australia.
BULLISH weeks ahead - above t-line - 10p target short/term7.42p is the next resistance where 20ma is at moment but closing above that I can see quickly a move to 10p at least short term.
We closed last week above the t-line which is bullish, we might re-test it next week but closing above it will raise momentum for week after.
7.75p was the bottom and we
- RSI ascending channel - Updated chart - Support HeldNo sign of a bull move yet although RSI is on an ascending channel since the drop.
Support is being held here and sells dried up.
Looking for that break above the 20ma to bring more bullish sentiment to TLOU.
Biased view as I'm a long term holder of TLOU although I sliced 50% at 110% from my averag
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Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0