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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 (5)1/13/2018 4:22:38 PM
From: Underexposed   of 10
 
Okay... here is my Friday Jan 12 report - comparing TLT.V and the American listing TLTFF

Comment:

Before I do this comparison I just want to rant a bit about this stock.

The thing that bothers me is the lack of progress reports on the status of the Phase 1b FDA trial. There is supposed to be ultimately 9 candidates for this trial. To my knowledge only 4 have been enrolled. Looking at their press releases I find nothing since Nov 30/17

Theralse press releases

the last press release specifically on the Phase 1b candidates was on Nov 8/17 ... that is 2 months ago!.

Lots of rumours that I am ignoring now... I want hard news based on Press releases... and nothing is forth coming. There is a conference at the end of the month where they may reveal all but this SILENCE is not conducive to a rise in share price... frankly the opposite usually happens with this behavior... I don't like this silence.

Here is a comparison of my various TA charts for the American and Canadian listings

TA Analysis



The TLT.V chart looks a bit more positive than the American chart. There are well defined resistance and support lines $0.25 and $0.22 respectively... in the circles you see the Blue line in the Canadian TLT.v chart slowing its descent and curving a bit. Not so in TLTFF the blue line is full on bear aiming down.

Here are the trigger charts



These two charts are almost identical... there are minor differences but thy are not significant.

In the blue circles you see TLT.V dropped to $0.20/share and TLTFF dropped to about $0.15 briefly.... Why is this not shown in the P&F charts??? It is because the P&F charts are based on CLOSING values... not low values.... at least they are for my charts... there are options to base charts on Hi/Lo numbers but I have found no advantage using such charts

Sentiment chart




Again the charts are almost mirror images of each other... the only major difference is in those blue circles... The black ADX line is stronger in the TLT.V chart but I don't pay much attention to that.

The Par Sar dotted line in both main charts signals a reversal when it touches the share price... Sigh... unless there is a dramatic increase in share price this will be weeks away.

Ichimoku chart



Again... no significant difference in these charts... the big thing to note is the huge red cloud that each chart has and we are going further under it.

Conclusion

Not much to cling to as far as hope goes. Hopefully that support I see in the P&F chart for TLT.V holds.

There is a huge meeting and Theralase will do a presentation there... I hope it goes well.

UE
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