Morning all.
Just looking at a heap of blue chip stock charts over a coffee while my family seeps.
Telstra chart has some bullish technicals.
I will add I have NOT got any grasp on the fundamentals with this company, so be aware I am only commenting fom a charting perspective.
Telstra has been sold down heavily over the past month.
But I think that a bounce is coming and may be worth watching out for.
There is some bullish divergence between price and RSI and the daily MACD is starting to turn up - but it has not crossed as yet.
I had an initial bottom price target of 2-89 based on fibonacci, but it missed by 4c on thursday.
I do not hold but am watching TLS for signs of a rally from now, a fall back to 2-89 followed by a prompt reversal would be ideal for me......but may be wishful thinking.
Good luck, DYOR.
Cheers
Commy
chart warming up for a bounce
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Last
$3.84 |
Change
0.010(0.26%) |
Mkt cap ! $44.36B | |||
| Open | High | Low | Value | Volume |
| $3.85 | $3.88 | $3.82 | $60.68M | 15.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 571930 | $3.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.85 | 16927 | 3 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |