Technical Summary: The above chart is a 1 year, each candle represents one day. The chart shows that TLS has been in a downtrend for the last year. This trend has extended for the last 2 and a half years as per the 5 year chart on the right. The price action for the last year has been characterised by 4 gaps to the downside, each on increased volume. The volume is important because it is a clue as to insitutional selling of the stock. The most recent gap was on the companies earnings annoucement. The price action into this was obviously one of expectation with the stock rallying significantly into the result. From a technical perspective for the stock to find further upside here it has to work its way through different levels of resistance. Because of the volumes associated with these gap downs and the overhead supply we see little upside on the stock unless there is a rapid change in the fundamental situation. Otherwise a period of consolidation is required from the company so it can digest the overhead supply. From a technical analysis perspective the stock is not buyable now unless you felt you could fundamentally pick a bottom.