Significant trend crosses5 Jan 2022 20:48
Today's move saw two significant trend lines on the daily chart crossed in bullish confirmation.
One was breaking above the upsloping trend in place below the lows from Oct 02, 2020 to Nov 26, 2021, which has several accurate touchpoints. This means TLW has resumed the long term uptrend from the 2020 lows.
The other trendline broken above today was the downsloping line connecting the highs of the recent shorter term bearish trend begun Jun 16, 2021.
These are both bullish indications of a continuing advancing sp.
There is a yawning gap on the weekly chart at 85p, having gapped down from 200p. Markets love to fill a gap, so my first target is 85p, then on to 200p in short order.
GLA