I am unsure this market correction is going to happen, the charts do not point to that.
More pressing tho is the negative alpha attached to TLS and the appalling chart. I would analyse that as down to lack of Board and exec approval, the old style telco company that TLS has become thru loss making JVs like the FoxTel one with NWS, issues with customers, high price of product and lack of geographical diversity outside suburban and regional Australia (they even appear to be losing market shares in inner city Australia to SingTel Optus, TPG and Vodafone).
So the chart is a negative alpha effect not a wider reflection of the bourse.
TLS chart, page-800
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Last
$3.90 |
Change
0.020(0.52%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.91 | $3.89 | $8.582M | 2.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 535760 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.91 | 317970 | 43 |
View Market Depth
| Last trade - 10.12am 08/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |