Almost completed accumulation pattern with an imminent major upside breakout pending may best describe the current pattern/price action behaviour. Completion of the pattern will change the major trend to a long awaited bull run. Monthly close below the 12 period simple moving average will trigger a close long signal if and when on hand. For now, sit tight and...
Above we see the TLS weekly time frame. Technically, the moving averages are in a bullish stack with the shorter-term green > intermediate orange> longer-term red. Moreover, there is good angle and separation which indicates a strong momentum for the telecom. On a classical charting basis, TLS may have charted a double bottom, which is an accumulation pattern. The...
Long term monthly chart of the mighty Telstra with an analysis view of several years. One may call this medium/long term investing. While back (few years ago) I have published the Telstra chart in anticipation of a medium/long term accumulation which has been in effect since selling climax low which was followed by sharp and decisive climax rally thereafter....
What an absolute rally we have seen in the monthly session. looking to close strong. with the next monthly trading into some areas of strong resistance. looking to close long if we see a weak close next month.
TLS looking good as its a yield play it will be back up by federal government as big business is always next door ... time to load up on TLS
Before saying anything else as I am long term and also short term investment, this is all my idea about this or any other shares. I publish my thoughts if you see any value good for you if you don't see anything then move on as I am not a financial advisor, so please do your own research. I guess at 2.80 is the deep of the stock and only time will proof it so...
ENTRY: 3.51 SL: 3.35 TP: 3.79 - ADX<20 - RSI>50, RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD -ve - Weekly RS -ve - Weekly FFI +ve - Weekly MACD +ve - Breakout with decent volume
After a great 3 weeks for share price performance. Telstra looks set to consolidate above the 3.30 support before moving higher. I had an initial target of 3.50 back when i first posted for telstra, but now with telstra's goals and putting forward a smart watch to compete with apple.. my opinion on the share price has now swung higher because i see that they...
ASX:TLS is finally starting to look interesting again. The stock has been underperforming for some time now, let's hope this is not yet another false start. If breaks the highs of the previous wave at around $3.50 AUD then I'll be looking to take a position in it for the long term. Good dividend history and some value in the business restructure will hopefully...
TLS looking good. spin off of businesses also will help the price higher. once this triangle breaks...watch all the sheep start jumping in and thus more sheep join the party once the up trend is established.
The week before last, telstra wasnt looking the best TA wise, now however, after partnering with a smart watch company and reassuring shareholders that their interests are being considered, telstra is looking strong again to get to $3.50 (first target). I wouldn enter here, but will buy on a pull back or during consolidation phase. Stop loss at $3.00
Alot of selling pressure recently because of the dividend announcement. Not holding but will look for a position if it ever breaks 3.15 Only support right now is $3, and if that gets broken, could go alot lower, real quick.
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...
ASX Telstra telco looks poised to to test previous $2.60 support. Inverse cup and handle + monthly price action close below resistance. Short trade activated via OTM June puts.
lower rates could mean TLS dividend looks more attractive.
Telstra is slowly becoming more relevant with 5G coming into play. The short term chart of Telstra says $3.50 by end of March, look for an entry above the trendline ($3.20) but if you arent afraid of a drop to $3.10 buy now. I dont see it going below $3.10 or else it will lose bullish sentiment in the chart. With that being said, Telstra isnt a trade under $3.10...
In the video, I am going through ASX communication sector chart and then analyzing the TSL chart. I have also explained the points of entry/stop-loss/targets.
TLS will break out.. and the XJO is close to collapsing trees dont grow to the sky forever. even manipulated markets will finally implode. There is no such thing as a free lunch markets are not irrational but corrupt. we're only months away from a major finanical calamity