Telstra Corporation Limited (TLS.ASX)

12 September 2018

Technical Summary: This will be the first time we have talked about TLS and not talked only about downtrends. The downtrend is apparent on the 5 year chart where the stock found its way from $6.50 to nearly $2.50 per share. This trend has continued on the one year chart above where the stock has moved from the top left to the bottom right of the screen. However, there is potential for a change in the trend here. The stock has moved above its 50 day moving average and has put in a couple of higher lows. An argument can be made that the stock is buyable here for traders that are hoping to catch the start of a new trend. Traders can use the 50 day moving average as a potential guide for a stop loss.

Are the winds changing for Telstra?

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