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Biotech / Medical : Underexposed TA of Theralase Tech. [TSXV:TLT] [OTCQ:TLTFF]
TLT 162.92-0.4%Jul 6 4:00 PM EDT

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To: Underexposed who wrote (4)1/10/2018 11:52:47 AM
From: Underexposed  Read Replies (1) of 10
 
Again only the Canadian listing but the short term outlook is pretty grim. I will give a complete reading this time.

P&F Chart


Ok, let's start with the purple circle with the blue arrow. Back in December (box with "c") It looked like we possible would turn a corner. You can see in the circle that the blue line had reversed direction and was headed for the red line. we had a horizontal triangle formed but this formation can break up or down...unpredictably and it broke the diagonal green support............ then at the start of the new year it broke the dashed support and it looks like we are headed for $0.19... hopefully that support holds {sjgh}

up in the upper left you see this is bearish triple bottom breakout (not good) the computer suggests a bottom of $0.13.... this is only a guess, I don't pay too much attention to that but still {ouch}

Trigger chart



Starting at the top....this is the start of another decline ... not the middle or end...We are tracking the lower Bollie

The Slow Sto is horrible...a straight line diagonal into the mud... We can expect no reversal of price until the Slow Sto reverses direction and crawls above 20....even that is iffy...for it to truly be a reversal we want it reach for 80... it will be a while til we see that I suspect.

The MACD is turning negative....not good.

The ONLY saving grace is that the BBWidth is muted right now... maybe the decline will be not so bad.

Sentiment chart



Starting at the top.... The Parabolic Sar, which must touch the top of the share price for a reversal to happen, is getting further and further away... not good

The Force 100 is unchanged and getting better slowly... yea! something good
The RSI(30) is slipping negative .... increase bear
The ADX DI+/- is going from neutral bear to mildly bear as the red/blue lines diverge

Ichimoku chart



Again little good here... the big circle in the main chart shows we have a huge red cloud to look forward to with the bottom edge is a resistance and inside is molasses.

Below that circle, you see the share price is below that thin blue line making a bearish decline even more so.

The onBal Vol is neutral..... The CCI is falling in the mud again

Conclusion

It does not look good in the short term.... I think I mentioned that I have a significant position in this stock for over a year and I was lulled to sleep by the "news" ... not any more. I am not a basher wanting a cheaper price. I just want to show anyone who reads this thread a reality POV of this stock's trading.

Hope it gets better... the sooner the better as I see it.

UE
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