TLS 0.26% $3.91 telstra group limited

up again, page-10

  1. 2,541 Posts.
    To answer your question Blacks, I am looking at the five year view of the chart and seeing a big cup and handle pattern with the $4.95 level being the lip. Its tried to break it on three or four occasions, each time being foild by a broader market pullback, but holding support between $4.30 and $4.50.

    Buy level on this pullback is probably $4.68 and looking for $4.95 to be broken on next run up now that TLSCA overhang has been dealt with.

    Failure to hold $4.68 probably says TLSCA is still weighing on share price, in which case exit and wait.
 
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