TLS seems to be a buy right away, as it has pumped up higher with a massive Bullish Candle above the downtrend line, with High Volume and simultaneously giving a Bullish MACD Cross. It has been falling off like a rock since June 2015 all the way down from $7.00 to around $2.60 ( Support Zone ), but I think we may have seen a Medium and Long Term Term Low as it has...
Telstra has broken a short term trend on the hourly, Catalyst of a move up to a long term resistance line sitting at $3.11 currently. A break of $3.12 will see a stronger move up. Have bought some now, will add to my position at $3.13 and above. Stop loss at $3.00
Reviewing the top weighting of each sector from the A200 Communication services - Telstra $2.60 support has held, we've hit the descending triangle resistance but to me it is looking to pop sometime over the next month. With substantial upside to $3.8 with possible continuation. I'd be interested to see if market share is declining given they aren't price...
If we have Green Candle crosse the white line I Advais You To Buy The Target : 3.60 AUD If we have Red Candle Below the white line I Advais You To Sell 2.90 AUD
not trading on this one, just keeping note for my own records no idea on Telstras fundamentals at the moment but like the chart for a reversal
On a further push down since the earnings report on 13th Aug, TLS is approaching established lows from June 2018 of around $2.60. A low of $2.80 was tested end March after the emotional sell off from COVID and since, we have seen on the daily a repeated low in August of $2.80's. I would have liked the bottom to have sit above $2.70 to maintain higher lows from May...
Terminal shakeout, Now has potential for 2 bar reversal 8c dividend record date 25 Aug
Hi friends the graph of this market shows with a very high probability an uptrend but at the same time you have to be vigilant of the change of the same market towards the opposite direction please subscribe to receive more analysis thank you
This is a test to confirm if price will play out based on the triangle.
This analysis is for educational purposes only. Lets see if we can uncover the motives of the smart money through our charts ? Still within a major downtrend with potential upside breakout pending to complete an accumulation base may best describe the trending conditions that Telstra is in at present. Lets now look at the past price action behaviour within the...
THis is similar idea to WES ( see link) accept even more defensive sector ( telecommunications) .... managed to get a Bull credit spread as follow: sold 120 shares strike 3.15 June expiry ( european) for- 0.06 buy 3.05 +0.02 spread -0.04 for porfit credit of $480 9 trading days left -...
Around mid-March TLS pulled back to $2.80 mark at the back drop off Covid 19 Emotional Selloff. From the peak of $3.94 in February to the lows of $2.80 in March created a huge opportunity equally for the dividend income seekers and capital growth chasers. Current technical analysis shows the stock should find strong support @ $2.97. We feel $2.99 is a good entry...
ATM strategy moves TLS to a long Term Buy. Chart Depicts Support @2.97 mark. From here as the trend changes the stock will test first resistance at $3.20 mark. Once this is broken the next resistance is at $3.40 mark in medium term.