TLS 1.04% $3.89 telstra group limited

TLS chart, page-481

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    RSI Indicating oversold.
    MACD crossing signal line, but still negative.

    I'm confused, the area you've circled on the MACD chart in 2001/2002 is a similar crossover but precedes a long fall in share price?

    Can you please explain what you think the chart indicates?
 
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