TLS trade ideas
TLS - Bullish, but not a great time to buyWeekly: Bullish: Price action remains above MAs and trend line. Losing momentum. Volume is falling.
Daily: bullish overall, honoring support level, bearish candle and declining volume
H3: bullish honoring support, bullish volume
Summary - Bullish - worth holding at this point. Not worth taking new position
TLS - Weakly bullishWeekly: Potentially bullish. Might have found support at 0.00003236. Volume falling. Price action moving down from upside of short channel.
Daily: neutral - declining volume. Somewhat indecisive price action.
H3: Holding a horizontal channel. Not exciting. Volume decreasing.
Summary: Still bullish but if price doesn't close above 3.88 soon it might be time to move on.
TLS - TELSTRA Bullish to NeutralWeekly: Potentially bullish. Might have found support at 0.00003236. Volume OK but not increasing,
Daily: neutral -strong resistance holding at 3.88, if this holds for much longer it could be bearish.
H3: Established a horizontal channel. Not exciting. Volume increasing but nothing amazing.
Summary: Still bullish but if price doesn't close above 3.88 soon it might be time to move on.
$TLS - TELSTRA - Looking to break 52 week high.$TLS - TELSTRA - Looking to break 52 week high.
Telstra has been showing good signs of recovery and testing some pretty consistent resistance and hopefully soon to become support areas. Has some good additional volume coming through and it will be interesting to see what the eventual roll out of the 5G Network will do to Telstras growth revenue opportunities. Worth a watch.
Closer view
About Telstra
Telstra Corporation Limited (Telstra) is a telecommunications and technology company. Its principal activity is to provide telecommunications and information services for domestic and international customers. The Company operates through four segments. The Telstra Retail segment provides telecommunication products, services and solutions across mobiles, fixed and mobile broadband, telephony and Pay television/Internet Protocol television and digital content. The Global Enterprise and Services segment provides sales and contract management for business and government customers. The Telstra Operations segment offers overall planning, design, engineering and architecture and construction of Telstra networks, technology and information technology solution. The Telstra Wholesale segment provides a range of telecommunication products and services delivered over Telstra networks and associated support systems to other carriers, carriage service providers and Internet service providers.
$XTEK/$TLS potential reversal setupIve been keen on TLS for a while, but frankly its a bit of a tardy old widowmaker stock. My thesis is around the 5G growth potential for a while ($5GN is the leader imo) TLS has the potential to help build sentiment in the sector. Time will tell. Stocks sitting nicely above the 200 day and a Monthly close above $3.40 and things get very interesting.
$TLS Setting up nicely for the LongDisclaimer: My first idea, still a newbie.
I think I can see $TLS sitting on what will become a solid support before the next breakout. Estimated buy price $2.80 to hold until a minimum of $3.10, personally if it plays out nicely I will set new stops to around $2.90 and hope to ride until resistance is h
$TLS Setting up nicely for the LongDisclaimer: My first idea, still a newbie.
I think I can see $TLS sitting on what will become a solid support before the next breakout. Estimated buy price $2.80 to hold until a minimum of $3.10, personally if it plays out nicely I will set new stops to around $2.90 and hope to ride until resistance is hit again at about $3.30.
TLS: who'd have thunk it!Who would possibly have thunk that Telstra could display a bullish-reversal chart pattern?
However, in the 'what goes down must eventually go up' category, maybe there is some hope here?
Telstra is currently shaping up in a bullish-reversal descending wedge so let's see if this pattern delivers.
In my experience, descending wedges are one of the most reliable of all the technical patterns.
Keep an eye on the trend lines here for any breakout.
You just never know!