TLS is holding lows and still looking very weak

Trade Management

Current Open Alert

 

TLS – Telstra Corporation Limited

Stock : TLS – Telstra Corporation Limited

Current Price : 4.11

Previous Sell Entry (Trigger Level) : 4.31

Buy Exit Zone (Stop Loss) : 4.40

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

Status : On watch for continuation through lows

TLS is still showing some serious weakness as price consolidates around the lows between 4.065 and 4.15. We see the potential for buyers at these levels to be caught out as price traps them with a push below 4.05. If we see this play out and a push lower, then we are happy to lower the risk on the remaining position to around 4.18 to lock in further gains.

 

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.