Anyone think of any particular reason TLS is in free fall ??
As skyquake mentioned in a different thread. General sentiment away from yield and probable cashing in on profits by overseas investors. See the AUD chart also for Australian hours selling pressure
Seemed a bit odd to me.
Only because its against you.
Only because its against you.
Haha.
Did it seem odd when Telstra was running hot as a yield play?
Anyone think of any particular reason TLS is in free fall ?
I thought the restructure toward wireless and expansion into Asia was a good thing ?
No it's seems odd that people are thinking rates will rise.............sorry to spoil your nasty shots.
Hello MrBurns, the market as a whole is retracing and consolidating, a very healthy sign. It is testing a long term support/resistance line at the moment. It may fail to hold to the line but it is still fine and all good, it may be looking for support from a rising support line. On my chart for TLS I put up a little while ago you may have noticed I drew in a period of retracement in order to form the 'handle' for the 'cup and handle' chart pattern. This may be the start of the handle and absolutely nothing to give you any concerns...very healthy, very good sign! Here is a link to the chart so you can see what is happening at the moment was totally foreseeable and desireable. https://www.aussiestockforums.com/forums/showthread.php?t=4270&p=770395&viewfull=1#post770395
No it's seems odd that people are thinking rates will rise.............sorry to spoil your nasty shots.
Hello MrBurns, the market as a whole is retracing and consolidating, a very healthy sign. It is testing a long term support/resistance line at the moment. It may fail to hold to the line but it is still fine and all good, it may be looking for support from a rising support line. On my chart for TLS I put up a little while ago you may have noticed I drew in a period of retracement in order to form the 'handle' for the 'cup and handle' chart pattern. This may be the start of the handle and absolutely nothing to give you any concerns...very healthy, very good sign! Here is a link to the chart so you can see what is happening at the moment was totally foreseeable and desireable. https://www.aussiestockforums.com/forums/showthread.php?t=4270&p=770395&viewfull=1#post770395
Hope the handle is glued on strongly. They can break off sometimes you know - especially if the cup was too full.
My point being that you are blind to why capital is flowing out of what has been a one way trade for some time because you have such a stake in it to keep going in said straight line.
Wrong again, I pretty we'll couldn't give a rats I'm well in profit and wouldn't be selling anyway for tax reasons, but I was curious on the interest rate front.
You are way too presumptious about people's motives and circumstances.
Just thought I would throw in a chart showing a potential Cup and Handle pattern on TLS. The cup is complete, it needs a bit of a pullback to form the handle. Should it resolve into this chart shape, I did the swing trade calculations for it and can see $8.40 being the target price.
Let's see!
Wrong again, I pretty we'll couldn't give a rats.
Hope the handle is glued on strongly. They can break off sometimes you know - especially if the cup was too full.
Oops, the glue just failed.
View attachment 52395
Ann, it may not have been a cup and handle which requires the 2 lips to be more around about the same price level. This may be a better example.
View attachment 52396
Cheers
Country Lad
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