telstra continue increasing as i descriebed in chart
Nearing the end of the pattern, watching carefully to see which way it breaks... need to see a sustained break in either direction before entering a trade
Bullish Flag pattern on Weekly and price has broken trend line o daily with buyers gapping prior to Earnings on Thursday
Strong buyers backed by increase in volume confirming a Bullish pennant pattern for continuation to upside
ASX:TLS has just broken down from it's descending triangle with the measured move taking it down to it's previous lows between $3.4-$3.46. Price is below all major SMA's with oscillators and volume confirming bearishness.
Cup and Handle has formed on the Daily with price respecting the S&R of the handle. Also a possible Golden Crossover about to occur as well. Waiting for a break out above the short term resistance to buy a parcel. RSI showing bullish bias as well. Target Buy Price: $3.75 - Above the short term resistance Stop Loss: $3.65 or 2.67% - Just below the most recent low...
Currently not in Telstra, but they do again have the edge on the 5G game in Australia. But right now in the short term anyway we are overbought. Lets take a look. The Price is currently above both the Bollinger band and Linear Regression, which to my eyes if I was holding I would be watching the RSI MFI & Stochastic RSI very closely. I am expecting them to turn...
Please see my previous chart below to get a better understanding of where I believe we are currently. At the moment I have Telstra as a strong buy due to the belief we are coming to the end of our 4th wave of it's minor cycle. With previous support holding and large interest from ETF funds shown in volume I believe we are about to push onto our fifth and final...
Volume coming in as the 3.60 level converts from resistance to support, verifying the longer term divergence visible in momentum indicators. Short term targets can be taken from the fib levels for the up trend (from Jan 2019), or the longer preceding downtrend (from ~2016).
Hello Traders, Another chart worth having a look – Telstra Corporation Limited ASX Points to consider - Monthly double bottom - EMA’s turning bullish - Broke resistance, turned potential support - Stochs testing upwards region - RSI Testing upper level resistance TELSTRA is looking quite similar to previous price action before a 92% rise in value! We...
TLS share prices have reached a Fibonacci retracement level at around 3.65 with a substantial increase in volume in the past three trading session. These activities indicate to me that share prices are about to consolidate and make a move to the upside. However, share prices need to remain above the current support at 3.65 to head back up. Share prices could fall...
This analysis is for educational purposes only. Simple yet powerful analysis is on the chart. Cheers.
THIS ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY.IT IS NOT AN INVESTMENT ADVICE. In terms of an END of WEEK CLOSE is there an exit (close long position trigger ) with Telstra in relation to either simple moving averages ? NO the only answer is. What does the current price action behaviour,over the last eight weeks or so, tell with low volatility trading range ?...
This analysis is for educational purposes only.IT IS NOT AN INVESTMENT ADVICE. A low pole, vertical count as shown, suggests that $5 is within a striking distance in terms of a bullish target with TELSTRA. There are other targets, which are also in harmony with this bullish target, but not shown. Will we see TELSTRA @ $5 ?
With Samsungs Galaxy Note S10 5G and the beginning of 5G technology, Telstra will be thriving to dominate in the new 5G market. Already Telstra has sold many new Galaxy Note S10 phones, hinting that 5G will soon be in demand. 5G will be a big expense but can easily be profitable due to what 5G will be supporting such as remote surgeries and Artificial...
Telstra has stayed true to the Fibonacci and support zones. We can expect to hit the .618 Fib zone then possibly retrace downwards back to support.