Telstra Corporation Limited (TLS.ASX)

20 February 2018

Technical Summary: Its been a tough 3 years for holders of TLS who have seen their shareprice cut in half. This trend has continued in the last year with the stock finding and often gapping its way to new lows. More recently the stock has found some sort of support around the $3.40 mark. The stock has returned to this area of buying support. This support can be seen as some respite for long term holders but needs to hold. Ideally the stock would then find its way to a higher low. The stock does at least appear for now to be forming a constructive base. However we must repeat that the support needs to hold.

Stock appears to have found at least short-term support

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