Telstra with a potential inverse head and shoulders pattern. Formed higher lows on the longer time frame. Entry point potential around $3.88.
Keeping an eye on this.
Telstra Corporation Ltd
ASX: TLS ASX:TLS
- Telstra 5G wave could do a trick...
- Telstra planning to push for 5G instead of fixed broadband telecom line.
- Restructuring for TLS has been painful but surely step in the right direction.
- Dividend policy has been reviewed that shows that TLS management may be aiming for growth and giving competitors run for...
ASX:TLS gave over 33% in just over one year from last analysis - what a peaceful ride
just hovering around for several weeks on line that was acting as major resistance
looks like stock is taking time for next rigger
growth is an issue
Having captured captail gains plus life long dividend scenario can't get better than this..
BREAKOUT
Major up
Current down
Broke on the upside with volume spike. Took position $4.38.
gap filled far from breakout candle close.
RRR 1:2
Entry $4.38
TP $4.51
SL $4.30
LIKE
1) Breakout happen near EMA. might provide good RRR.
2) Reduce position sizing after that from 100% to 60% after observing that theres no follow through.
DISLIKE
1) On...
Earnings watch 3/16 pre-market:
TLS
RMBL
JBL
DOYU
SVCL
ARCO
LE
MCG
BRCC
BLRX
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
following strong upward trend 14 months now, $4 good entry, $4.50 exit 12%, if consolidates and holds that line next exit $5 for another 10%, 4-5 week time frame for first trade
ENTRY: 4.06
SL: 3.89
TP: 4.29
- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD -ve
- Retracement to resistance turned support level since breakout of range on 18 Nov 2021.
- Volume dry up on 22 Nov 2021.
- Weekly chart shows possible hidden buying last week.
- Need to...
Text me if you have any questions/comments for me.
-----
TLS
- Previous analysis was done on 23 Sep (red arrow) - Suggested waiting for a successful breakout of $4 resistance before plotting entry
- Since then, the stock retraced back to re-test the 3.70 support levels and slowly rebounded
- Today, it successfully broke out with above average volume
- Next...
Text me if you have any questions/comments for me.
-----
TLS
- Previous analysis was done on 14 Sep - Suggested half entry at 3.95 levels if believe the stock can successfully breakout of resistance at 4.00 levels
- Since then, the stock had a failed breakout and quickly retraced back to the mid-term support
- Stock is rebounding and is again testing the strong...
With the must hold price support as marked on the chart, can Telstra test the zone of $5.30 over the months ahead ?
Me thinks so, if we see the anticipated major upside breakout.
Keep an eye on Moving average cross-overs for an entry as well as exit. The moving average x overs is worth studying on this chart.
Watch for the fundamental upgrades forthcoming...
(Not Financial Advice)
On the charts it showing the momentum is ready to bust through $4.00 , it's sitting just under at $3.99.
The current price is sitting at $3.95 but the space for the potential run up is there.
Once it breaks through and retest then the steps it has been imitating should kick into gear.
Good to see Telstra is fighting against resistance.
TLS
- Previous analysis was done on 6 Sep - Suggested waiting for successful breakout of overhead resistances before entry
- Today’s price action sees the stock convincingly break the 3.90 resistance
- Next strong overhead resistance at 4.00 levels
- Half entry at current levels could provide an avenue to manage overall risk-reward
- R is less than...
TLS
- First time doing a written analysis on TLS
- Stock was in a long downtrend since 2015 and this introduces a lot of overhead resistances
- Stock looks to be challenging the 4.00 resistance soon
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of overhead resistances before entry and only if comfortable with the multiple...
