TLS 0.51% $3.88 telstra corporation limited.

TLS going down the gurgler.

  1. 1,816 Posts.
    Ideally, $4.71 should have held for the TLS bulls.

    THe fact that this level couldn't hold the tidal wave of selling is a very significant warning to the bulls to pay close attention to the precarious position TLS technically now finds itself.

    If $4.47 were to break in the near future, it'd seem that this game is ALL OVER, and that new lows will be visited soon.

    This is what i think is most likely.

    The fundamentals clearly do not suppot a TLS share price above $4.50, and it increasingly looks like the technicals don't either...

    ... so, why are you silly bulls still hanging on??

    Is it the deadly four letter word... H.O.P.E ??
 
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Last trade - 16.10pm 24/01/2020 (20 minute delay) ?
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