TLS 0.00% $3.88 telstra group limited

charts - how low?

  1. 1,270 Posts.
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    Starting a new thread for the Chartists.
    Spent some hours on it & have come up with NO reasons to buy other than a possible double bottom..
    Obviously we can all see the $2.93 DB getting closer to fruition.
    Have come up with some info on a possible change in trend up/dwn?
    Also its much clearer on the weekly but have used daily charts..We are a bit early in time but the week from 13th to 20th March could be very interesting, i have only included time analysis not price at this stage.
    CHART 1: 19/3/2005 360 Degrees to 20 March 2010
    15/9/2009 180 Degrees to 13 March 2010
    17/12/09 90 Degrees to 17 March 2010
    From ATL on 19/3/2005 180 day count hits low on 13/3/09 & forward to 14 March 2010
    This is what i consider a cluster...


    CHART 2: Big picture ranges
    23/3/05 to 22/8/06 = $2.07
    5/6/07 to 19/3/09 = $2.04
    19/8/09 to ??? = $2.05 just to put a number in the same region there is no prediction here just a picture to consider..



    I look forward to seeing & reading your thoughts.... cheers
 
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