TLS – Telstra Corporation Limited

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We have a current live alert for Telstra for a short trade at $4.99

This means we are looking for the price of Telstra to fall in value to profit from downside movement.

Trading options, warrants or CFDs is a way to profit from downside stock moves.

Today the price of Telstra was initialy stong with a high near the open of $4.98.

The fact that Telstra’s price has fallen from these highs back to $4.91 during the day suggests that buying pressure is weak.

Today’s movement gives us added confidence that further price falls could become apparent and the $4.80 and $4.50 level could be good targets.