Reviewing the top weighting of each sector from the A200
Communication services - Telstra
$2.60 support has held, we've hit the descending triangle resistance but to me it is looking to pop sometime over the next month. With substantial upside to $3.8 with possible continuation.
I'd be interested to see if market share is declining given they aren't price competitive for gen pop. May have also taken a hit from corporate downsizing.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.