TLS 0.52% $3.89 telstra group limited

TLS chart, page-670

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    Sitting right on the 22 EMA, clinging on to it by the skin of its teeth.

    Opened at $3.56 and looking like a close very near the open mark.

    Volume very light again. Looks like we are at developing the "flag" part of a bullish flag formation. In which case volume contracts as it does during the formation of the flag part.

    This low volume can't continue for much longer. We should get sparks appear soon bringing back higher volumes with it.  Hopefully in a Northerly direction.

    Yesterday's larger red candle followed by today's candle sitting in the middle is a good thing.

    Performed better than banks and other leaders so far today with 0.8% rise (0.57% on finish).

    I like the look of the monthly chart. With this months candle appearing as a little green candle after 2 months red. Looks like the down draft has come to an end this month and will resume up in the months ahead. Could be good into December.

    Bought some more today.


    TLS 22 EMA Right On.jpg

    TLS Monthly.jpg
 
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