Partial exit zone moved up to current market at 4.10

Trade Management

Current Open Alert

 

TLS Partial exit zone moved up to current market at 4.10

 

Previous Alert 18/7/17

Stock : TLS – Telstra Corporation Limited

Current Price : 4.21

Previous Sell Entry (Trigger Level) : 4.31

New Buy Exit Zone (Stop Loss) : 4.40

Potential Partial Exit Zone (Target) : 4.05

Status : On watch for sell entry trigger

TLS is looking weak as we saw a solid move lower yesterday as buyers bailed. We are now watching for a potential partial exit opportunity as we see the weakness continuing. Happy to lower the risk level and sit back and watch the action.

 

ORIGINAL ALERT 20/6/17

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.