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TELSTRA GROUP LIMITED

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TLS trade ideas

What is SMART MONEY doing with Telstra ?This analysis is for educational purposes only. Lets see if we can uncover the motives of the smart money through our charts ? Still within a major downtrend with potential upside breakout pending to complete an accumulation base may best describe the trending conditions that Telstra is in at present. Lets now look at the past price action behaviour within the current trading range/congestion in conjunction with volume on this monthly chart. June 2018 bar is the selling climax followed by a successful retest in December 2018 followed by climax rally sets the floor/support and resistance levels levels to watch going forward. In short ZONE of $2.60 - $2.70 is now our MAJOR support and zone of $4.00 is the resistance to watch for a MAJOR BREAKOUT if and when on hand. 5 completed wave structure, followed by what may be seen as an A wave from June 2018 to Dec.2018 ( corrective wave) may also sum the price action behaviour that has set our support and resistance levels mentioned above.Is C wave now unfolding ? Sure is and if it did it will cause a major stir that would be seen as an major upside breakout, What's next ? In the short term ,a retest of the resistance zone @ $4.00 after another successful retest of the major support level of $2.60-2.70 and potentially a MAJOR BREAKOUT. March 2020 low was another CLIMAX/RETEST @ $2.87 which has been as a successful one confirming/reaffirming the major support level. Lets now look at the three significant levels to try and uncover what the smart money may be doing ? $2.61 followed by $2.71 followed by $2.87.Can you see the rising levels of support ? What does this tell us in conjunction with the largest volume bar of March this year ? Smart money is willing to pay higher price in order to accumulate. Massive volume of March 2020 bar is a classic obsorbtion with lack of follow-through. Short seller or bear failing in their bid to set a lower support with smart money grabbing what was on offer. Wait and see from here on...
ASX:TLS
by thecharttechnician
ATM Strategy Initiates BUY on TLS Around mid-March TLS pulled back to $2.80 mark at the back drop off Covid 19 Emotional Selloff. From the peak of $3.94 in February to the lows of $2.80 in March created a huge opportunity equally for the dividend income seekers and capital growth chasers. Current technical analysis shows the stock should find strong support @ $2.97. We feel $2.99 is a good entry point at the time of analysis with lower downside risks. Due to slow recovery we see in the short term the stock has resistance @ $3.20 and once that is tested and broken the stock will move towards @ $3.40 in the medium term. The stock offers an attractive dividend yield at roughly 5.2%. As shown in our fundamental analysis currently the stock is offering an attractive price to earnings ratio of 16.9x, decent dividend yield, moderate debt levels and defensive and consistent earnings stream, with enough conviction we at ATM strategy upgrades TLS to a BUY
ASX:TLSLong
by ATMstockresearch
Cup and Handle #TLSCup and Handle has formed on the Daily with price respecting the S&R of the handle. Also a possible Golden Crossover about to occur as well. Waiting for a break out above the short term resistance to buy a parcel. RSI showing bullish bias as well. Target Buy Price: $3.75 - Above the short term resistance Stop Loss: $3.65 or 2.67% - Just below the most recent low as this would indicate that C&H didn't play out Target Sell: $3.89 - Next level of resistance
ASX:TLSLong
by BeerCanCapital
Watching #TLS #ASXCurrently not in Telstra, but they do again have the edge on the 5G game in Australia. But right now in the short term anyway we are overbought. Lets take a look. The Price is currently above both the Bollinger band and Linear Regression, which to my eyes if I was holding I would be watching the RSI MFI & Stochastic RSI very closely. I am expecting them to turn down very soon and that would be a sell. What TLS has going for it is that, because the price has closed above the Linear Regression while it is in a downward direction tells me that the long term direction has changed and we will see higher prices and if 3.64-3.80 can hold it would be great for the bulls. So expect a drop to those above levels, but higher prices over the years.... if we don't have a whole market turn
ASX:TLSLong
by GlobalTrader_
TELSTRA DOUBLE BOTTOM EMA BULL CROSS?Hello Traders, Another chart worth having a look – Telstra Corporation Limited ASX Points to consider - Monthly double bottom - EMA’s turning bullish - Broke resistance, turned potential support - Stochs testing upwards region - RSI Testing upper level resistance TELSTRA is looking quite similar to previous price action before a 92% rise in value! We can confirm that price has put in a monthly double bottom which is quite bullish; price was also able to break multiyear resistance with strong bull volume. We need to see bulls retest this resistance and confirm as support before we see another leg upwards. The EMA’s are close to turning bullish at current given time, this will be confirmed by more bull volume and a retest of the now potential support. There are sparkling similarities between the previous rise in TELSTRA to where is it currently. We need to see the stochastics hold upper region in the highlighted box. Also the RSI needs to break local resistance and hold upper regions to support bullish price action. The VPVR shows decreasing levels of transactions from this current point, we can use this knowledge to dictate to probability of price being able to reach local resistances. The next couple months will be interesting for TELSTRA is the bullish EMA cross and Double Bottoms holds true, we may be in for a bull trend if the probabilities hold true… What are your thoughts on TELSTRA, will it confirm support or break down bearish from this point onwards? Please leave a like and comment, And remember “All the math you need in the stock market you get in the fourth grade.” -Peter Lynch
ASX:TLSLong
by AzizKhanZamani
Telstra price action in relation to 10 & 40 period MA'sTHIS ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY.IT IS NOT AN INVESTMENT ADVICE. In terms of an END of WEEK CLOSE is there an exit (close long position trigger ) with Telstra in relation to either simple moving averages ? NO the only answer is. What does the current price action behaviour,over the last eight weeks or so, tell with low volatility trading range ? Re-accumulation or distribution ? My take is Re-accumulation. With the bullish price objective/objectives in place,where could TELSTRA be potentially heading once the trading range is resolved ? My take is UP again. Ride the trend and make it your best friend !
ASX:TLS
by thecharttechnician
Telstra increasing in price! With Samsungs Galaxy Note S10 5G and the beginning of 5G technology, Telstra will be thriving to dominate in the new 5G market. Already Telstra has sold many new Galaxy Note S10 phones, hinting that 5G will soon be in demand. 5G will be a big expense but can easily be profitable due to what 5G will be supporting such as remote surgeries and Artificial Intelligence. 5G only has a radius of 150 meters, meaning the cost will be more than 4G and will only be in cities until further technology is researched. This is a massive opportunity for Telstra and one that they will not miss, Samsung phones are thriving in sales and only need more 5G antennas to support all features of the phone. My intentions towards Telstra is to Buy Long and remain a holding owner until 5G has reached its peak price thus slowing Telstra's revenue. This is due to everyone having 5G and becoming the norm, similar to how 4G is today.
ASX:TLSLong
by bailey707