Really surprised by the strength today... A very keen buyer, or was someone covering some shorts?
Technically it is very strong:
- Broken 1 year long term downtrend
- Broken 6 month falling wedge
- Broken 230 resistance and 240 resistance. Next tests 250 and 275
- Broken 100DMA
- DMI, MACD and other indicators turning positive
Looking to me like a confirmed reversal. TIL has been pretty unpredictable though so don't bet the house on it!!
Last edited by JohnnyTheHorse; 29-06-2017 at 05:50 PM.
Really surprised by the strength today... A very keen buyer, or was someone covering some shorts?
Technically it is very strong:
- Broken 6 month falling wedge
- Broken 230 resistance and 240 resistance. Next tests 250 and 275
- Broken 100DMA
- DMI, MACD and other indicators turning positive
Looking to me like a confirmed reversal. TIL has been pretty unpredictable though so don't bet the house on it!!
Yes a reversal is on the cards because the market wasn't sure if the company was just going to settle and just consolidate their current markets, so they were only being valued at pe of 11 which factored in little growth. Now that their growth intentions have been signalled then the market is going to reverse their sentiment from their original view and the value is going back a growth company valuation.
Looks like the illiquidity which saw TIL fly and faulted could be back in play. Have the large holders who wanted out reduced their positions to levels they are comfortable with is the question ? Those who sold out a few days ago at low 2s would be kicking themselves if the uptick continues.
Couta's been a bit quiet Winner. Hope he hasnt been a bad boy and been banned
Maybe he is busy buying ?
Actually - I had another look into their acquisition and start to feel that it adds a lot of value to Trilogy - good skin care products and more manufacturing capacity than they need. There are clear synergies related to manufacturing, marketing and sales.
Given my policy to support local companies (if it makes sense ...) did I buy a small parcel. Not sure I expect them to reach their previous heights anytime soon, but this acquisition should in my view add enough value to stop the continuation of the down trend.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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