TLS is looking weak and ready to break down to the lows

New Sell Entry Alert


TLS – Telstra Corporation Limited

Stock : TLS – Telstra Corporation Limited

Current Price : 4.38

New Sell Entry Trigger Level : 4.31

Potential Buy Exit Zone : 4.45

Status : On watch for sell entry trigger

TLS is looking weak and has the potential to sell down to test support at 4.00. Price struggled to push up through 4.50 and then broke down below minor support at 4.38. Currently price is building a lower high so we expect to see weakness on a push below 4.33. Happy to sell at 4.31 and hold risk at 4.45. Will re-assess price action if price pushes up through 4.45 prior to entry.