TLS 1.04% $3.89 telstra group limited

Looking good.It has left a gap this morning between $2.98-$3.00....

  1. 891 Posts.
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    Looking good.

    It has left a gap this morning between $2.98-$3.00.  That gap will be filled at some stage. But this jump up is on high volume, so likely to be filled a little later on. I mentioned $3.15 as a target recently, so I think we should get at least $3.15 on this rise.

    Has cleared the upper resistance line and also the 200 DMA in the one hit.

    We may get a pullback back down to the line at some stage, where the line will now act as support and that is also when it might fill that gap.

    I haven't looked at the news and don't know why the strong rise this morning, but it is all consistent with the current chart pattern and was going to do this.



    https://hotcopper.com.au/data/attachments/1421/1421842-496831bdfcacee770583129620e82374.jpg

    https://hotcopper.com.au/data/attachments/1421/1421843-05a42a7f937fd632d93d61005a1a35a8.jpg

 
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