TLS telstra group limited

When will telcos bottom?, page-13

  1. 774 Posts.
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    Don't know if anyone else is noticing this but we are having good volume today.  10 million shares traded before 12.00 lunch is very high compared to recent times. After an initial weakness down to $3.09, she is showing decent strength. Supply is being bought up.

    I think TLS has bottomed. I will eat my words later if I am wrong.

    Vitamin, I noticed recently you have been tempted to buy. I think you also starting to feel this may be the time to buy. As you said, many waiting for $2.60, so may not happen.

    And I noticed you recently put out that video of those 2 fund managers talking under $3.00. David Wilson from Colonial and Prasad Patkar from Platypus. When they talk like that, it usually means we are just before a bounce. It is just like a Motley Fool article in late November last year just before a 12% bounce.

    We have also recently heard a number of people here who had enough and sold parts or all of their holding. The last nose dive was -19% across 3 months and 10 days. I can understand, it was tough.

    $3.08 could have been it.

    If not, I think $3.08 is going to form good support in the weeks ahead.

    Three touches of $3.08 through last week and this week. And this small rounded bottom I noticed develop over the past week I think is interesting.

    Go TLS. Good luck to holders.

    Bottom.jpg
    Last edited by fasttrade: 19/04/18
 
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