TPL

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:



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.