Price finding weakness so time for a sell entry

New Sell Entry Alert TLS

 

Time Frame : Daily/Weekly

Sector : Telecommunications

Key Stats : $37.94 Billion Market Cap, VWAP 3.172, ASX Ranking 9, 4 Week Av Turnover $99,531,359, Todays Current Turnover (intraday) $6,091,993, PE 10.6, Div Yield 4.07%.

Company Overview : Telstra Corporation Limited (TLS) is a provider of telecommunications and information products and services through its Australian and offshore operations. TLS has a range of businesses namely fixed broadband, mobile, data and IP, network application & services (NAS), digital media and international.

Broker Consensus : HOLD

 

TLS – Telstra Corporation Limited

TLS is looking weak again after the recent push up off the 2.60 zone. The long term trend is still well entrenched with resistance at 3.75 so we expect to see some recent profits booked to build the lower high for entry. Happy to see on a push down through 3.14 and will hold the stop loss level at 3.25. If price pushes up through 3.25 prior to entry then we will re-assess the alert.

 

Stock Code : TLS – Telstra Corporation Limited

Company Website : www.telstra.com.au

Current Price : 3.17

New Sell Entry Level (Trigger Level) : 3.14

Potential Buy Exit Zone (Stop Loss) : 3.25

Status : On watch for a Sell entry trigger