TLS 0.00% $3.82 telstra group limited

What we want to see is this bounce form a flattening of the...

  1. 1,050 Posts.
    lightbulb Created with Sketch. 861
    What we want to see is this bounce form a flattening of the 22EMA curve and the price start to close on or above the 22EMA line for a few days as the case in early July 2018 and January 2019 (form a base).

    Yesterday's candle was not a good sign (bearish engulfing) but today's candle nullifies that now with a good bounce and green candle. From past 2 days trading behavior and candles, looks like we are in the infancy of a basing pattern before further rises.

    The only problem is that the volume is low to very low on this bounce. The two candles that gave us this bounce up from the $2.60's were only 18 and 15 million. Need to see greater than say 22 million each day.

    But I have hope in the 0.75 (-25%) yard stick which says a reasonable size bounce is due and given we are again at historic lows with TLS, also a potential bottom.

    I can't believe TLS is hovering around the 2010 lows. After a decade has past, a top 10 large cap stock is trading at decade lows. Someone put this to Thodey and Penn please.

    Last chart (TLS monthly chart) shows something interesting. There is a gap between $4.80-$4.77 between the monthly candles. Gaps on monthly charts are very rear and sure to be filled. Means one day we are going to get $4.80. Consistent with my view put forward 2-3 years ago now, that TLS will one day touch $4.99 and $5.00. Slowly, slowly, TLS.

    Possible that this coming decade, up to 2030, TLS is trading back at $6.00's.


    Above 22EMA 2.jpg

    Above 22EMA.jpg

    TLS Monthly Gap.jpg
 
watchlist Created with Sketch. Add TLS (ASX) to my watchlist
(20min delay)
Last
$3.82
Change
0.000(0.00%)
Mkt cap ! $44.13B
Open High Low Value Volume
0.0¢ $3.84 $3.81 $781.7K 200.5K

Buyers (Bids)

No. Vol. Price($)
1 1181 $4.13
 

Sellers (Offers)

Price($) Vol. No.
$3.24 1650 1
View Market Depth
Last trade - 09.51am 12/07/2024 (20 minute delay) ?
TLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.