TLS 1.04% $3.89 telstra group limited

TLS chart, page-404

  1. 891 Posts.
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    After some days of trading between $2.88 and $2.94, the price finally starts touching the upper trend line I drew some days ago. Nice defensive and out performance characteristics yesterday and today. That's a good sign.

    We need the price to overcome this line. And needs to do it today or tomorrow.

    Although it has arrived at the line, what I don't like is that it has stopped right on touching the line at $2.97. It has fallen 1c short from matching the high of the recent spike we had. Why only just touch the line and not be able to break it and why go so close to the recent high and fall short by 1c to $2.97 and not match the last high of $2.98.

    Could be a fake until I see it pass the line to the upside.

    We need better volume. But volume is being clouded by the holiday period. It wont be until after Australia Day and early February that we get back to normal trading.


    https://hotcopper.com.au/data/attachments/1417/1417884-3e51e882729a94be915ec70e466032d9.jpg

 
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(20min delay)
Last
$3.89
Change
0.040(1.04%)
Mkt cap ! $46.33B
Open High Low Value Volume
$3.86 $3.90 $3.85 $66.87M 17.23M

Buyers (Bids)

No. Vol. Price($)
2 285738 $3.88
 

Sellers (Offers)

Price($) Vol. No.
$3.89 133931 11
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
TLS (ASX) Chart
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