Strong Move

Nice to see a very strong move from Telstra today in a weak market !!

There is a possibility of 3.25 being taken again and interesting to see if 3.40 will be crossed as well this time.....been waiting for a while now.

RSI of 50 on the daily chart is being crossed again and that is very bullish and the recent low of 3.13 was crossed too, we can only speculate as to why this bullish action is taking place today after the meeting.

How far this strong run will go ?? no one knows but we the longs love to see this run continues and greed starts to come into our fantasy world.

Unfortunately in most cases this type of move will not last that long and the GREED as usual can KILL a good profit trough a clouded judgment.

In a perfect world which exists only in Hollywood movies we can see a perfect trader went long for 400 k Unit at recent low of 3.06 and gets out at 3.45 and buys back in again at 3.15 and out again at 3.75.

Some took profit today and think "you can't go broke taking profit" some buy more and some goes short......me?.......waiting to take profit.