Still tending to think that it will end up closing the gap at around 4.50 to 4.56 in the box, where to then though is the question.
Your chart is still looking the goods.IMO
I still have them, still hold them for the dividend, but long term is shaky.
Unless they can come up with a plan.
The price activity is in a critical decision area at the moment.
sptrawler, just wondering if the VOC activity may be having an impact ?
From what I can find on the internet, VOC major shareholders, are major shareholders of TLS. Maybe they are propping up the price, who knows, I like your underlying research better at this point in time.The price activity is in a critical decision area at the moment.
sptrawler, just wondering if the VOC activity may be having an impact ?
View attachment 71482
...
http://www.afr.com/research-tools/TLS/shareholders
Scroll down to the bottom of that last post.
I really don't know how this all works, I just rely on my training through the "school of hard knocks"
The thing is, I'm going to have to get more nimble, with the new "super" rules.
...
Will chase similiar info tomorrow via another route, Cheers.
Gap was closed at 4.50 as expected. In neutral now until it either breaks above 4.50 or below 4.32.
Just my
View attachment 71325
Like the look of this chart Boggo...
I am also looking for a move lower towards $3.95 to $3.75 for TLS....
Plays by the rules doesn't it. EW has worked well on this stock for quite a while now including when it was on the way up.
Gap was closed at 4.50 as expected. In neutral now until it either breaks above 4.50 or below 4.32.
Just my
View attachment 71325
Still liking your post, IMO you are still on the money.
Telstra need some Earth shattering statement, to soften the downward trajectory.IMO
Still own a few in the SMSF, but as said earlier not adding yet, untill I see a vision.
Yes, still playing the game isn't it. At some point though it will head off in its own direction, upwardly I hope for those holding.
If it continues to follow this pattern then there is another month of downward before it hits the next decision (yellow - end of Aug) zone.
It seems to be heading down a bit too fast at the moment so there may be a long period where it hold up above the round number support at around $4.00 or may run up for a while.
An interesting exercise if nothing else
Daily chart...
View attachment 71985
Good thoughts indeed.Spot on Boggo, I'm expecting a major drop, when they announce a dividend drop.
Then I expect it will gradually rise to a benign level, reflective of the dividend, until it comes up with a plan.
If it doesn't come up with a plan, it will slide with the dividend. IMO
Then it would be eventually be bought out, by a Chinese company, IMO
They did their big mobile investment thing which was good but the earth shattering miracle that got em out of the dog house to begin with was Rudds nbn gift. They even sold that stupid Hong Kong 2b investment great!! But -That's over now and trust me there is no way a dog like this is going to make some earth shattering announcement.
you should all have gotten out here https://www.aussiestockforums.com/threads/tls-telstra-corporation.4270/page-91#post-8750
If I was in I'd be looking for a last ditch bounce into the next div if they don't cut it.
The problem with that thought, from my perspective is, they have paid about $3.15 dividend since that 2007 post.
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