TLS 0.28% $3.62 telstra group limited

TLS chart, page-235

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    The Money Flow Index is trending down, but im not sure if that's a sign it will break up or down, pointing the way, or indicating oversold and will rebound, suspect the latter.


    Looking on a one hour scale suggests its in squeeze situation, Green lines (Bollinger band) are within the Blue lines (Keltner Channel), it doesnt indicate a direction. When it does break out it, is supposed to do so strongly. OTOH, perhaps the 11th was a failed breakout.


    my 2c
 
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