Trade Management

Current Open Alert

TLS – Telstra Corporation Limited

Stock : TLS – Telstra Corporation Limited

Current Price : 3.97

Previous Sell Entry (Trigger Level) : 4.31

New Remaining Buy Exit Zone (Stop Loss) : 4.35

Previous 50% Partial Exit Zone (Target traded) : 4.10

Status : On watch for continuation lower

TLS has been hit hard today after FY17 financial results and dividends were not received kindly by the market. Price gapped down on the open around 10% and is still looking very weak. Our Short position is going well and we still expect to see further downside. We will be watching how price reacts around 3.70 and potentially down to 2.75 as this stock will have a lot of players stuck on the wrong side of the action and wanting to sell out.

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.