TLS 0.62% $3.24 telstra corporation limited.

Telstra end of downtrend

  1. 404 Posts.
    According to my estimates, Telstra is about to break its 30 month downtrend.

    If you draw a line on a chart at

    30 Nov 99 @ $9.16
    7 Mar 00 @ $8.71
    18 Apr 01 @ $6.92
    5 Jun 01 @ $6.50
    16 Jul 02 @ $4.93

    It is close to the line and it can either cross the line or head sharply down again and my feeling is that it will cross the line this time and make a clean break of the 30 month downtrend.

    I do not pretend to be a reader of charts, but given the determination of the Government to sell its part and the dismal performance of the competitors to Telstra, I am becoming more confident every day.

    fbmnom




 
watchlist Created with Sketch. Add TLS (ASX) to my watchlist
(20min delay)
Last
$3.24
Change
0.020(0.62%)
Mkt cap ! $38.53B
Open High Low Value Volume
$3.23 $3.25 $3.23 $75.03M 23.34M

Buyers (Bids)

No. Vol. Price($)
14 775985 $3.23
 

Sellers (Offers)

Price($) Vol. No.
$3.24 2548498 41
View Market Depth
Last update - 16.10pm 22/02/2019 (20 minute delay) ?
(live)
Last
$3.23
  Change
0.020 ( 0.21 %)
Open High   Low Volume
$3.23 $3.25   $3.22 7711428
Last updated 15.59pm 22/02/2019 (live) ?
TLS (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.