TLYS Potential Long Idea VS Custom IndicatorsAn idea for +200% price change from local low.
This bullish opportunity is shown to us through custom indicators , fair value inefficiency , and liquidity pools .
Shown is the entire history of TLYS on the NYSE, using 1 month candlesticks.
Custom Indicators
-The top indicator (MP) is showing times when large players/market makers are buying. That time is shown with blue vertical stripes. Following these signals, we see an upward movement in price, 100% of the time.
-The bottom indicator (Market Mood) can also tell us when there is a opportunity for an upward movement in price. When the indicator is displaying the white area, we can see submission of the market. Following these white signals, we see an upward movement in price, 100% of the time.
Fair Value Inefficiency
-Marked with white rays are gaps in the agreed upon price of this asset. In this case, I marked the top of these gaps. As one can see, the price in 2020/2021 had increased over 400% to "close" this gap in value and return (impermanently) to the $16.04 price tag.
-Based on price movement in the past, it seems more than possible for price to move up 260% from low of $3.22, to close the current gap at $11.77.
Liquidity Pools
-Labeled are two sets of relative equal highs . These are levels that act as magnets for price, both upward and downward. Previously when we saw relative equal highs, we saw price return ~15 months later. Price moved up over 260% from a low of $3.46, to equal highs at $13.11.
-In the past, the liquidity of the relative equal highs pushed price upward to close the gap in fair value . Based on this, we can expect that the liquidity pool from the current set of relative equal highs, will push price upward to our target of $11.77
-While not marked on the chart, we can see low side liquidity. We recently dipped below the previous all time low of $3.46. The past two times this occurred, we saw a large upward movement in price in the next 1-15 months.
Conclusion
Using all three of these aspects, I think it is more than likely that price will impermanently return to $11.77 in the following 12-24 months. Idea is based solely on technical analysis of the TLYS chart. This is not investment advice, always DYOR and use proper risk management.
Custom Indicators built by www.tradingview.com
All analysis of indicators and chart are my own!
