TLS – Telstra Corporation Limited

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TLS – Telstra Corporation Limited

Current Price – 4.72    Sell Entry Level – 4.99    New Buy Exit Zone – 4.96    Status – Hold for continuation lower

TLS has touched down at 4.70 today continuing its slide lower. We did take a partial exit at 4.80 and are now happy to lower our exit zone to just below breakeven at 4.96 for the remaining half of the position. Price still has the potential to continue lower to the 4.40/4.50 zone which is the extension of the second leg lower from 5.86. We will watch how this plays out.