Australian (ASX) Stock Market Forum

TLG - Talga Group

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TLG w 29-03-17.png


I hold; support 50c? target could be as high as low 60's
 
I'm off. Sold when the Intraday chart signalled Bearish Divergence in MACD.

TLG i1h 30-03-17.png


Especially near resistance levels (e.g. Fibonacci extension Phi), I find the MACD rather reliable. Worked this time. I'll wait mid-40's for another buy-in chance.

TLG pm 30-03-17.png
 
Well TLG is off like a scalded cat again today. Up another 10% Perhaps the lure of some real graphene sales is too strong..
 
Fibonacci over the March trading range gives me 61c as Primary Resistance and 51c likely Support. (45c is still a possibility though...)

TLG st Fibs 07-04-17.png


on the other hand, a Harami Cross half-way between support and resistance could signal an early reversal. I risk holding for now.
 
Well something is certainly happening TLG way. Last 2 days have seen a jump from 57c to 73c . No new announcements and I'm surprised there hasn't been a speeding ticket.
Is anyone aware of reports or analysis that might have triggered this jump?
 
TLG FibSteps 19-04-17.png


Today I was rushed and didn't immediately see the reversal at 77c; so I'm still holding.
 
TLG FlasgB-out 24-04-17.png


The latest flag looks still a little short and it could well pull back once more towards 70c, but somehow the D-box looks more likely to pop to the upside.
I bought a few more; enough for now. I'm happy to hold.
 
Well it's still powering on. I'm still wondering whether the last couple ofweeks gains are the result of the earlier announcements or something even significant in the wings
 
basilio said:
Well it's still powering on. I'm still wondering whether the last couple ofweeks gains are the result of the earlier announcements or something even significant in the wings
Click to expand...
I've stopped wondering. I just enjoy the ride :p
 
So the announcement is out. A big increase in graphite reserves.
All good perhaps but the market response has been negative. Objectively I think an announcement of a big graphene sale would have been a far better outcome.
 
basilio said:
So the announcement is out. A big increase in graphite reserves.
All good perhaps but the market response has been negative. Objectively I think an announcement of a big graphene sale would have been a far better outcome.
Click to expand...
That's probably the reason for the sell-off. Not to forget the Quarterlies are due.
As my initial target (95c) wasn't hit, I took profit early today, just in case the gap would be filled (which has meanwhile happened). Depending on the QR, I see re-stocking opportunities at 70 or even 60c. w8nc
 
The Quarterlies look quite solid.
They seem to have sufficient cash to allay any concerns about a capital raising.
I also think the ratio between 1.2 and 6.1 is reasonable, considering other companies raising capital to ensure Directors can continue to draw their remuneration.
 
... and more good news from Betotech Laboratories: Concrete additives "in low concentration" has added strength to concrete blocks. EDE, eat your heart out :p

“Albeit an early stage, we are particularly encouraged that this concrete prototype program, which was primarily focused on thermal conductivity performance, has also yielded strength results that exceed published information by some other nano-additive product manufacturers."
Click to expand...
 
All a bit sad on the SP front. A very promising update on the cobalt front - followed by SP drop, $12m capital raising at 60c and a further SP drop..
 

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