TLS 0.28% $3.61 telstra group limited

TLS - moving on up

  1. 4,816 Posts.
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    Iam liking the technical setup for TLS on the daily, weekly and monthly chart. I feel we are on the cusp of a rally in the recently 'unloved' yield stocks or TLS & CBA

    Dipping the toe in via warrants and CFD's on market this morning on the long side, looking for a move to $3.92 in the short term and potentially back to the $4.20 in the short to medium term.

    On the daily setup below, MACD crossing over to the positive side at present, RSI has bottomed in 'over sold' territory post the dividend being paid and now moving higher and the stochastics bottoming out nicely and moving on up. Once we move through the $3.72 mark, $3.75 will be the next stop before a move back to $3.92.

    Daily
    TLS daily.JPG

    The weekly setup also being complimentary to a move higher, with the price action moving outside of the bollinger + keltner channel, to now move back into a more 'normalised' trading range. RSI is 'over sold' sitting sub 30pts and the stochastics are also bounding along in 'over sold' territory. I believe the chances of moving up from this price level is high, with the price targets lining up to the daily numbers.

    Weekly
    TLS weekly.JPG
 
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Last
$3.61
Change
-0.010(0.28%)
Mkt cap ! $41.71B
Open High Low Value Volume
$3.59 $3.61 $3.57 $88.57M 24.62M

Buyers (Bids)

No. Vol. Price($)
1 38155 $3.60
 

Sellers (Offers)

Price($) Vol. No.
$3.61 771370 13
View Market Depth
Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
TLS (ASX) Chart
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