TLS 0.00% $3.96 telstra group limited

Trend line busted. Today's low lower than $2.94. So no rounding....

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    Trend line busted.

    Today's low lower than $2.94. So no rounding.

    We now got the $2.91-$2.94 I mentioned a few posts back.

    Looks like some capitulation starting now. What is needed to confirm capitulation and turn around is a close at $2.94 today and signs of a green candle Monday sitting next to today's candle. If not, then selling will continue into $2.80's. Say $2.89.

    RSI 23 and Stochastics looking ok for a bounce around here.


    Busted.jpg

    RSI Stoch.jpg
 
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