Good move and close today !!
Yep it touched the lower bollinger band and 50 on daily RSI and rebounded straight away so interesting to see if the support continues tomorrow.
I am watching more the action in the US market/bond market and believe it poses the biggest risk to global market and with reporting season starting the end of this week for the US, one would think the latest Q results for US companies would still be good and supportive for stock market.
Our market is always the tail of the dog and the head is the US/DOW and if US drops by 10 % in a week there is no way Telstra or others in ASX 200 will hold.
I like to see the correction to happen next year as Telstra would be a lot higher than 3.25 by the end of this year,but hey what I like and what the market do is two different things.
Holding a big position in any stock carries possibility of a bigger loss.
If US market holds for the next few months then 3.50/3.75 in Telstra is certainly possible
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Last
$3.89 |
Change
0.040(1.04%) |
Mkt cap ! $44.94B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.90 | $3.85 | $66.87M | 17.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 311462 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 133931 | 11 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |