Disclaimer: My first idea, still a newbie. I think I can see $TLS sitting on what will become a solid support before the next breakout. Estimated buy price $2.80 to hold until a minimum of $3.10, personally if it plays out nicely I will set new stops to around $2.90 and hope to ride until resistance is hit again at about $3.30.
Who would possibly have thunk that Telstra could display a bullish-reversal chart pattern? However, in the 'what goes down must eventually go up' category, maybe there is some hope here? Telstra is currently shaping up in a bullish-reversal descending wedge so let's see if this pattern delivers. In my experience, descending wedges are one of the most reliable...
Head and Shoulders pattern. Confluent with the Stochastic oversold. It is time to buy targeting $3.07 .
Hanging man closed on the daily today. I am bearish and targeting a 0.618 retracement. That will put the price at $2.68. A break-above $2.90 will abolish this bearish view.
Looks like we bout to hit bottom. This should be a good place to go long. If it breaks down more, then you can always bail at a stop loss, but this right here is a seven year low. With the recent job cuts and 5G around the corner, I fully expect a rebound. Also every single analyst right now is telling you to sell. Thats a buy signal in itself.
It was always going to stop eventually
Telstra shares are still on the slippery slide. Short sellers will be watching closely for another fail attempt to cross over 2.92 resistance. Other support and resistance marked on the chart could be relevant for future price movements
TLS finding some support at falling support line
IN WEEKLY CHART, THE PRICE HIT THE TREND LINE. However, we need to wait for the long signal before entry. and today or late this week, we will get the answer.
Telstra $TLS.AX Capitulation neat trendline #ASX .
I have been watching TLS shares trading activities closely with great interest for the last six trading days and noticed an increase in volume and momentum to the upside. Share prices closed today's session 1/5/2018 in the green zone for 6 consecutive days. It has also broken out of the downward price channel to the upside closing just above 3.17, a critical...
TLS has been on a downtrend since 2015. It looks like it has now completed its ABC correction right to the 78.6% retracement mark. There is a five wave pattern within it's most recent downtrend, shown within the dotted downtrend channel. As TLS has now looked to have completed its ABC correction after a strong run up from 2010 to 2015, it looks to have now...
Have they got every last one now... Big boys play hard dont they
TLS closed back above vwap Been toyed with for a while now, if brakes off COULD move back up pretty quick keeping weak hands out OR just create a new range, keep an eye out for a confirmed upthrust for range top... and sell or whatever :-} Holding from $3.26
-26 week horizontal range -Declining volume -Unsure at this stage but watching for reversal or continuation of trend
End of wave 2 already happened or will be happening soon at 3 AUD. Anyway upside potential is huge.....
so i applied guppys CBL (count back line ) to the month chart . We will buy more TLs when CBL is broken and RSI trend line is also broken