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TZL - they specialise in screwing... Oops! I mean fastening

Chart Forum » Stocks - ASX: long term & fundamental » The Paddock » TZL - they specialise in screwing... Oops! I mean fastening

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holycow
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Username: holycow

Post Number: 635
Registered: 08-2004

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Tuesday, January 04, 2005 - 01:27 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



TZL 2-day chart to give a cleaner pattern of Rev H&S
tzl

1) currently the stock is going through some "minor" retracement due to recent news; if it breaks down the neckline, expect more correction and you should consider some cutloss level below the "shoulder" or the "head" if you have entered much earlier;

2) if the stock moves higher, watch the resistance at 84c, it seems this is a "favourite" level where traders take their profit; however with the confirmed deal, they may change their mind this time;

3) a possible entry level is when the 84c resistance is taken out with decent volume, you may want to wait for further confirmation that it's holding above this level;

4) I own this share. Caveat emptor.


HC

"... if you've got a chart, I have an opinion!"

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holycow
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Username: holycow

Post Number: 638
Registered: 08-2004

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Tuesday, January 04, 2005 - 02:49 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Btw, there was a H&S failure starting with the right shoulder sometimes in November. In such circumstance, it makes the reverse H&S a much more potent proposition as it indicates the bulls are in control.

TZL 2-d
tzl


HC

"... if you've got a chart, I have an opinion!"

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holycow
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Username: holycow

Post Number: 645
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Thursday, January 06, 2005 - 05:12 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



a quick note here: monitor closely, there are "three black crows" sitting on this stock!


HC

"... if you've got a chart, I have an opinion!"

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holycow
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Username: holycow

Post Number: 647
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Thursday, January 06, 2005 - 06:29 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I have made a mistake due to data error - the last candle bar is not a full bar - so the "three black crows" is invalid; still it pays to be watchful.







HC

"... if you've got a chart, I have an opinion!"

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des2
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Username: des2

Post Number: 176
Registered: 03-2004

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Wednesday, October 31, 2007 - 07:57 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



things are happening for tzl...........finally. looks like shes ready to put in a major markup phase.

tzl

im in.

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