I use a three signal alert system
1) Mar 12 RSI goes oversold (no surprise there)
2) Mar 25 MACD flashes a buy
3) Arp 29 EMA cross-over -confirming trend - $24 price target
I would be careful this week as earnings will be released, also looks like S&P is heading lower this week.
Wife asked me to analyse a company someone told her about. This is a more straight forward chart 5 wave move, looks like Telus is moving into a Wave 5 targeting $55-60. It been on a 17 year bull run (pretty amazing) that could be on its final legs
Telus approaching a strong support level at $44.0, can be a good opportunity to long as an investment. MACD is positive, and Stochastic is approaching a point where it will be reverted. I would suggest to keep an eye on TSX:T by the end of the week, it should become apparent what to do.
See many indicators on price action trading, like Trend Angle of 30%, Fib Ret (price action hit 0.618/Golden Ratio) & reversed, ABC correction is over. Believe that over $40 is goal of this stock.
