Reversal is on - support held - Bullish - very bullish over 20maKeep an eye on 20ma weekly resistance, if broken it will go to 9p-10p quite easily as not much resistance till then.
also a cross of 8ema upwards with 20ma - very bullish
TLOU
Bateman_Trading TLOU Daily Possible Elliott Wave moves targets 8Bateman_Trading
TLOU Daily Possible Elliott Wave moves targets 8.4-10p
TLOU Daily Possible Elliott Wave moves targets 8.4-10pTLOU Daily Possible Elliott Wave moves targets 8.4-10p
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 seem to be on a start of a bull trend.
50ma reversal - close above it will be bullish - 10.28p 200ma Looking good at moment but for a confirmation look for a close above the 50ma if you want to play it safe.
Been adding at support line, the lowest we got was 7.95p.
- 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 average entry at 5p. Free profit at moment.
#TLOU $TLOU Bullish divergence - LONG - Looking at 1st target 12.80p once broken through 200ma
Bullish divergence happening on RSI
30p Target price according to research.
Reserves comfortably exceed commercial threshold.
tlouenergy.com
tlouenergy.com
Latest interview:
youtu.be/yeHgfbVLeLI
TLOU analysis 2016-18Need another swing lower before we start moving back up again and testing highs
Longterm i'm bullish on TLOU but needs to consolidate for now. Could be a trade in it short term back to 11pish, but my strategy is to scale back in at support shown on the chart and HODL
TLOUBullish signal above the 8ema and the 200ma, next resistance line around 8.5p, passing that there is great potential to re test the 13.5p September highs. MACD crossing towards a bullish trend as well.
TLOU Breakout from the Multidiagonal ConfluenceSelling seems to have exhausted now between the 6-7p range and with partner news on the horizon I can see a decent rise from around these levels. 10p is my main logical target, but ~14p and a test of recent highs could be on the cards too.
TLOU Long via the Multidiagonal BreakoutI like the multidiagonal breakout. While the volume on the move so far hasn't been huge, it feels like the selling has come to an end in the current range.
TLOU - Wait for 6p.Looking to see if this trend line is broken & finds support at or around the 200MA (6p). Heading towards oversold, but wouldn't go long yet. LSE:TLOU
