The fact that the letter to shareholders re-NBN has already been sent out and led to panic selling may have marked the bottom for Telstra shares.
If the federal election is to be held in the next six months the Labor Party would probably want the NBN matter to be dealt with expeditiously.
Around the time of the Federal Election then Telstra shares may move up considerable as the uncertainties are resolved.
Always seek professional advice of a sharebroker before buying this or any other share.
telstra shares may bounce upwards
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Last
$3.70 |
Change
0.030(0.82%) |
Mkt cap ! $42.75B | |||
| Open | High | Low | Value | Volume |
| $3.67 | $3.72 | $3.66 | $77.20M | 20.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 199823 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.71 | 829839 | 9 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |