Tlou Energy - TLOU

I like the look of this purely from a technical basis.... so i bought some.

Relatively new company been listed a year or so.

broke out of a downtrend, held 8p pivot nicely and retested it...pushing on....a break of 10p could 14p possibly quite quickly....let see...long form 9p here...

atb, wdik, dyor,
trendfriend

Tlou Energy. Daily.

uk.advfn.com/p.php?pid=chartscreenshotsh...q0NCVamKodRgN+IgA4c=

Just a quick look here, as it looks to me at a technical turning point, and i like the look of the setup here.

Had a pull back early year highs, nice basing took place at 6p, strong support at that level.
What we seeing now is a nice rally, and a move above the 20, 50 and 200 day ema lines, now this needs to break above 8p resistance and 8.5p for triangle breakout.

If It can manage to that, and close above 8.5p on eod closing basis, this should go on to to 11.5p and then quite likely to 13.5p retest of the year highs looks possible as a best case....

in terms of a absolute stop level, below 6p imho.

I'm holding these already, bought more on the dip, and may well add on the break of 8.5p if it happens...

This is being ramped very strongly on the fundamentals on the LSE bb recently, usually those views (not that i read them all!) can be very one sided.
When i see that i go on the assumption that everything is ok on the fundamental side atm here, and focus on the technical's for trading it...

Be lucky folks, as always dyor, wdik, atb,
trendfriend

tlou daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...F3tqTvwn9QeLqSpyY%3D

Nice breakout here today.
It closed friday bang on the trendline, and broke up above on the open.

looks good for 11.5p and quite possibly 13.5p here imvho....lets see

atb, wdik, dyor,
trendfriend

This is one i'm holding a fair amount for the longer term, as well trading it to the max...

added more for a long scalp (for now) at 9p today.

looks like a bull trap flase break out last time here, a move which failed.
So redrawing the trendlines gives 10p the level to beat for a substantial rally.

tlou - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...8amXQKN+rD4oMWwWz5c=

atb, wdik, dyor,
trendfriend.

Tlou - Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...1iIUi6gYPHQZyVdBA%3D

I like this, nice triangle here, which should i hope break to the upside....9.25p the key number, and a break above should be the momentum trigger to take the stock to a new price range.

This is a stock i'm holding for the long term, but also trade it a lot as well, so just buy dips, and sell rallies....I will add if it break above 9.25p.....

i have called breakouts incorrectly here a few times....so the rally has fizzled out, and the stock has dropped back, but this triangle should be the real deal.. Lets see.

atb, wdik, dyor,
trendfriend

A few quick charts, as two of the stocks i'm holding on a longer term basis, area showing some good technical's today.

This stock has a false breakout or bull traps a few times....so this time a long term chart may be the best way to look at this stock....

tlou - daily long term.
uk.advfn.com/p.php?pid=chartscreenshotsh...ynXUX5air7NSn1OfPWs=

pretty clear breakout, and this chart goes back to basically when the company started trading.

daily close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...Lz8Pwr8AzVBSDxZDNmY=

Not only has the broken out of the key level, it has gapped up above this level, and closed above 10p was key here, because 10p is a pivot level resistance level.
also note the 20, 50 and 200 day ema lines are all turning up, and a nice rsi breakout.

finally a chart showing the potential target for Tlou.
uk.advfn.com/p.php?pid=chartscreenshotsh...hanpCJs+MOj+8zqfzZw=

This trend channel gives a possible 17p target price.....ideally a hold above 10p would be good.
The 10p level is key here imvho....
Although a retest of 9p, being the triangle breakout level is possible.

So as long we have no close on eod basis back below 9p, look for 17p imvho...

atbg, wdik, dyor,
trendfriend