Talos set up for a rise?
تم تحديثه
Hi
I'm new to posting ideas but I enjoy the community's ideas so feel id better add to them. I have been following Talos for some time and it looks to me like we have a setup occurring for a 4-5 impulse wave. The last drop was due to some insider selling (one of the backers who wanted to cash out some of their holding), news and the oil price correcting....it looks like those black swans have flown volumes are bottoming out and turning positive. Hope someone finds this useful happy to get feedback on whether more experienced analysts think it makes sense.
Cheers
I'm new to posting ideas but I enjoy the community's ideas so feel id better add to them. I have been following Talos for some time and it looks to me like we have a setup occurring for a 4-5 impulse wave. The last drop was due to some insider selling (one of the backers who wanted to cash out some of their holding), news and the oil price correcting....it looks like those black swans have flown volumes are bottoming out and turning positive. Hope someone finds this useful happy to get feedback on whether more experienced analysts think it makes sense.
Cheers
تم حذف الأمر
We that didnt work! I stopped loss out when it got below the previous low. Looks like it was an impulse heading down and I was caught in a bull trap. Still waiting as I think these guys will rise as their earnings turn positive with the high WTI price...but ill wait and see if it bottoms out somewhere here. Next major support is not far away see what it does there.
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