Where to now for long term investors of Telstra, page-1570

IMO that chart is ugly. I can’t see how you spun that one into good news. To me this is in a big downward trend that just failed to break the upper trading range, IMO this has just set a new higher low, this to me spells trouble and should ultimately lead to a fresh 5 year low at $3 where it’s only real level of support can be found. There is a minimum 3-6 month period to get this chart looking bullish, for TLS a bullish signal for me will be a double bottom or a falling wedge, which i haven’t really seen those patterns forming yet. So in closing, I would keep them on the radar, but all in all my gut is saying further weakness maybe ahead.