TLG
TLG confirms change of directionOne of the most anticipated companies on the ASX with technology to held EV's has just confirmed it's bottom @ $0.37.
The price has closed above both the bollinger band and Linear regression. More specifically the Linear regression is in a downward projection and for the candle to be out of it confirms that a change of direction on the larger scale of things.
In the short term expect the price to touch $0.49 which is where the 61.8% fib line is.
This information is based on my opinion of how I read the market.
#TLG a big Winner in the Electric Vehicle MarketThe biggest Concern to EV's is that the Battery will not be reliable, especially in a country like Australia where you would need to drive long distances.
However this Aussie Company Talga Resourses (TLG.asx) solution to infuse Graphene into the concrete to keep the batteries in your EV's charging while you drive.
$TLG Cupping action containing other patterns similar to $SYRSee cupping action
- Similar price action as to what $SYR (another graphite company) was doing in April this year.
Good risk reward here.
