Neil, I'll back your observations there. The downside momentum has stalled, with all the catalysts for selling are out now and we've had the capitulation event. I went long on Friday for the bounce up to 4.20. Just on a technical basis alone. I dont have an FA on the medium term direction.
WW I think I read the other day you were pointing out some lower potential support levels, which may be the case, but the support at the recent low was quite strong and I have a number of technical indications pointing to the near term low being in. No guarantees, but enough for me to take a position.
Telstra is in a yield sweet spot, page-65
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Last
$3.92 |
Change
-0.035(0.89%) |
Mkt cap ! $45.29B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.93 | $3.89 | $21.38M | 5.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 132 | 728322 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 562228 | 53 |
View Market Depth
| Last trade - 13.20pm 02/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |