Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: TPL

TPL 07 May 2013 13:17 #1

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 869
  • Thank you received: 2261
  • Karma: 47
This share has gained some recent popularity amongst AIM-centric PIs of late but it's got some nice patterns going on. Here's my take on this. Note again the powerful 123-low breakout which Elliott's followers will know as a wave 3:

TPLdaily07_05_13.gif


dl.dropboxusercontent.com/u/20815047/TPLdaily07_05_13.gif

I'm looking for the 50-61.8% retrace area for a possible long here. Or, again, wait for another 123-low from the bottom of the retrace.

On the other hand, if that wave count is wrong (it could actually be in the wave 4 now) then it's a long on a close above the downtrend which sits at 56.7p today.

All IMHO.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Syrian Empire
Moderators: remo

Time to create page: 0.452 seconds