I know many of you have been wanting to short TLSA with every fiber of your being for a long time. I believe the time has finally come for those that are interested. The H&S top is a little unbalanced but all the pieces of the puzzle are there. Note the right shoulder is a H&S consolidation pattern itself with the neckline giving way last week. Last Thursday the price action broke below the small right shoulder neckline and the much bigger H&S top neckline on the same day. Last Friday there was a backtest to the big neckline which may have completed the backtesting process.

This weekly chart puts the H&S top into perspective after the massive two year rally. This is about as low a risk entry point that you will have using a close above the 30 week ema as your sell/stop and let the chips fall where they may.