TLS 0.77% $3.94 telstra group limited

We have been range bound with lows of $3.55 past few days. Been...

  1. 1,050 Posts.
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    We have been range bound with lows of $3.55 past few days. Been bouncing off the 22 EMA a few times now, which currently sits at $3.56.

    TLS is having difficulty dealing with the 50 DMA. Which currently sits at $3.59. Just can't seem to comfortable get above it.

    Volume is light.

    Given the shape carved out since the $3.40 low ( the curve in it) and the recent range bound consolidation,  I still feel the move will be up -
    providing it doesn't slice through the 22 EMA to the downside.

    The hovering around should be sorted out soon where we are either holding the 22 EMA or falling under it.

    A strong punch through the 50 DMA soon would be good. If so, target $3.80.


    TLS 22 EMA struggle.jpg


    TLS 50 Day struggle.jpg
 
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7 70362 $3.93
 

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$3.94 234589 4
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