TAjames

Telstra with a pullback bounce on 50MA

Long
ASX:TLS   TELSTRA CORPORATION LIMITED
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Telstra was acting funny last week, but zoomed out to weekly, i see the bounce off the 50MA to be a bullish signal for TLS . Target of $3.50 with a stop loss of $3.07.
For more info, i feel telstra had a couple news days that affected share price negatively as the market doesnt know how to price them. I personally feel telstra taking back all its franchises to be positive for the company as there is more quality assurance on the service side. This along with 5g will see telstra stay bullish in 2021. All in my opinion.