TLS 1.27% $3.18 telstra corporation limited.

Chart for those trying to get set ...

  1. 5,816 Posts.
    Hmmm... someone asked about call/put warrants for an entry into TLS ...

    Those trading derivatives were set around 280602 which is nearly two weeks ago ... the upside retracement signalled by trendline breakout at support at $4.54 or so and confirmed by nice convergence of RSI which also triggered ...

    The Fib(23.6%) has been tested and failed three times at these levels signalling major resistence at $4.82.

    The news TLS is to increase line-rental charges has been timed to boost flagging momentum thru this level and with todays price movement it seems this may have been achieved ...

    Tomorrow will test this ... and IF rally confirms, a late entry is possible as there is support for TLS beyond $5.00 with current political climate re: T3 sale ... next test Fib(38.2%) at $4.98.

    I like TLSWMB CALL $5.00 29/08/02 3:1 I/V 23.6% ...

    Derivatives are high risk and not suitable for every situation ... as usual tight stops.

    This is only my view ... read the red stuff.
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TLS (ASX) Chart
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