In terms of the downtrend we're probably at about where it was in March 2009. It needs to consolidate at a bottom and will likely have a few failed rallies over the next few months, perhaps falling another 5-10%, before a sustained uptrend sometime in the next 6-12 months.
IMO plenty of time to add to holdings at lows and maybe even trade the false rallies.
Looking to open in the high $3.60s probably helped by strength on OS markets.
Where to now for long term investors of Telstra, page-292
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Last
$3.88 |
Change
0.060(1.57%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.91 | $3.82 | $105.1M | 27.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 245287 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 3900 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |