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Microcap & Penny Stocks : TLT.v

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From: Underexposed	3/5/2019 5:07:18 PM
	5 Recommendations Read Replies (1) of 1869

It has been a long time since I have posted any charts describing Theralase Inc. Really there was not much to talk about as far as charting was concerned. But with recent announcements of success that has changed and it merits discussion now. P&F and Trigger charts P&F Chart The P&F chart shows the sideways motion of this stock since 2015. My buy-in to this stock occurred back in 2016. I was a long term investor on this stock as I really did like the science behind their method of Bladder cancer treatment. I added to my original holding several times and now have a pretty substantial holding. You can see how over the years the $0.50 - 0.53 resistance (now a support) was a formidable challenge. But that resistance has finally fallen and now it will be a substantial support. Now we have a very bullish P&F formation of an ascending triple top breakout (peaks at $0.43, $0.50 and now $0.57). We are now smack against a resistance at $0.58. It remains to be seen if this will be a huge resistance but the possibility is there. If we breach this resistance it will be clear sailing to $0.73 which would be the last resistance shown in this chart. If you look at the red/blue column MA's you can see the blue is very bullishly over the red. I think that resistance will fall before long. The Trigger chart In the top circle you see the pull back today after rising far above the upper Bollinger band. This is normal and don't forget we have run against that resistance at $0.58 so the first attempt to breach that resistance failed...but not in a bad way. We ar simply regrouping for another try tomorrow. Look at the SMA's in the second circle...all are aimed upward and are diverging from eachother.... very nice. the indicators have gotten renewed life and are quite bullish now..... looking good!!!!!!!!!! Sentiment and Ichmoku charts Sentiment chart When I first saw this chart in early Feb I had convinced myself that this was a typical pump & dump formation. Note the low volumes until Jan 28 then we had some good news of patients 5 and 6 from the Phase 1b trial and the stock took off til it reached about $0.49... a nice gain for short term traders but hardly something a long term investor who has been locked in for 3 years was waiting for. in that huge blue circle, you can see a decline...and I said to myself..."typical !! :) " But then on about Feb 25 things turned into the bullish run we see today... I can imagine the "shorters" scrambling to cover their short plays. I don't pay much attention to Par Sar in this position in the chart... but even so there is a huge gap to cover until a reversal would occur according to the par sar....but then the price could decline suddenly for days before that might happen. What you want to see is the Par Sar climbing steadily, trying to catch up to the price.... we shall see if that happens. All three indicators are very bullish The Ichimoku chart It is flawless... we are high above any menacing clouds. The thin red/blue lines are bullish and beautiful The two indicators below are very bullish as well. Conclusion What can I say.... NOT A BEARISH BONE in these charts. Finally I can get really excited about this company . I had faith in Theralase and its approach to cancer treatment or I would not have held on for 3 years with no return.... but now the future looks very bright. Not to say there will not be bumps along the way... but the bus is moving in a positive direction _____________________________________________________________________________________ Disclaimer: I am not a registered broker. I am retired and use Technical Analysis as the main tool in my investment decisions. Accept or reject my comments as you will, but do your own Due Diligence (DD) before making any decisions based on the information I provide. Underexposed

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