TLSA Should I Buy

TLSA is not a good buy right now for an impatient trader. The stock just sold off hard in the regular session (-5.63%) and is still trading below the key pivot (1.589) with downside risk back to support (1.432/1.335). With no proprietary buy signals today and no near-term news catalysts, the setup is more “wait for confirmation” than “buy now.” A better immediate buy case would require reclaiming ~1.59 and holding above it, or a clean bounce off 1.43 with improving momentum.

Price/Trend: Weak near-term momentum after a sharp regular-session drop (-5.63%), with only a small post-market uptick (+1.35%). Momentum: MACD histogram is slightly positive (0.0082) but “positively contracting,” which often signals fading upside momentum rather than a fresh uptrend. RSI: RSI(6) at ~37 is weak/near-oversold territory but not a clear reversal signal yet. Moving Averages: Converging MAs suggest consolidation/indecision rather than a confirmed uptrend. Key Levels: Pivot 1.589 is the key reclaim level; resistance at 1.745 then 1.842. Support at 1.432 then 1.335. Given the current ~1.50–1.51 area, risk/reward is not compelling unless it either (a) reclaims 1.589 quickly, or (b) confirms a bounce off 1.432. Pattern-based odds: Similar-pattern study implies modest upside near-term (next day/week) but flat-to-negative next month (-0.21%), reinforcing a “no urgency” entry profile.