TLS 0.00% $3.86 telstra group limited

short tls @ 4.70/72

  1. 236 Posts.
    TLS is in a long term down trend with a short term up trend forming a compression triangle. Look for TLS to hit 4.72 before taking a huge hit down. It will break out of the
    triangle before 16 June 04. 50% fib at 4.73 this has also seen a tripple top. This is a great opportunity to short TLS with limited risk --- stop loss set at 4.73/4. Profit will be big as the first stop on theway down is 4.55, i like CFD's on this one - take advantage of the 20c decrease.

    Additionally MACD is on the way down, RSI neutral, but keep an eye on the Slow Stoch could turn and break up.
 
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Last trade - 09.41am 23/07/2024 (20 minute delay) ?
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