Bullish 10p & 16.66p target - H&S - RSI strongExtremely 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 buying
10p is a solid target for a good slice but ultimately 16.66p is the best one. after that long term as gas flows & revenue increases then this could become a major company with over £100m £300m mcap +
TOU trade ideas
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.
- 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 - tripple bottomLooks 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 at the top of the blue box wherea break would bring the historical highs potentially back into play.
