TLS 0.52% $3.89 telstra group limited

A large red candle yesterday closing at its low and a gap up...

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    A large red candle yesterday closing at its low and a gap up open today. Open at $2.84 vs close yesterday of $2.82. This is a good sign.

    A close at $2.84 or higher today (the open level) would be good.

    Owing to the gap up open and if we get a close at least $2.84, today's candle shaping up as a Harami Cross or Harami. Appearing after a down trend= a good sign.

    If I had not already bought, I would buy today with probability of a move higher from here more likely than lower.

    Commencement of a bounce (to low $2.90's or more) will be confirmed if we get a green candle tomorrow with some decent green body.

    Shown are examples. You decide.

    TLS Harami.jpg

    bullish-harami-cross-example.png


    Harami Cross Pattern.png


    Harami Pattern.png
 
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Last trade - 16.10pm 15/10/2024 (20 minute delay) ?
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