Extremely 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 seems stronger even at this levels which proves there is some volume...
Keep 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
7.42p 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.
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.
No 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.
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
Need 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
Looks like there is a very clear 6p bottom on this chart repeatedly tested.
The RSI appears to be gaining some upward momentum suggesting to me it's going to have another go at breaking out of the consolidation zone in the blue box.
All the resistance is in this box - initially the 20DMA at 6.5p which I'd consider a bullish break if passed, right up to the 200DMA...
Bullish 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.
Selling 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.
I 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.
