@Create, TLS is interesting long. It's in a Wave 1 - 2 on the monthly chart. Normal pullback to expect is a 61.8% retrace and TLS finished right on that this week, with capitulation.
As a rule though I won't go long when the chart is pointing straight down and I'll wait confirmation.
Wave 2 can still sometimes fall to 75%+, I assume it's still full of stale yield chasing retailers who will be slow to shake out and so there could be a bit of selling still into any rally and also in a broader market correction a grind down sort of basing pattern.
Too risky for me to bother with a bounce trade here but I have moved it to my long watchlist nevertheless.
Some nice trade ideas being spotted in the last few posts in this thread.
@Create, TLS is interesting long. It's in a Wave 1 - 2 on the...
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Last
10,302 |
Change
-48.300(0.47%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 10,351 | 10,380 | 10,286 |
| XMD (ASX) Chart |
