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TeamAllen
Sep 4, 2020 5:05 AM

Has Telstra found its base? #TLS Long

TELSTRA GROUP LIMITEDASX

Description

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 however i think the earnings have pushed some additional sellers and now we sit with an RSI sub 20. Possible good starter position for a long hold.
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