Many technical indicators say its overbought, but i think...

Many technical indicators say its overbought, but i think technical indicators should be taken with extra grains of salt after a major announcement (results).

My rule of thumb is to wait for the volume to get back to normal and then look for the trend.

It does 'feel' like its topping out to me, we are closer to TLS share price than we normally get (but they just went ex dividend also).

I think the next weeks, until ASC announcement we could see it under-perform the telco sector a little.