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2 years ago

TLS Yeild v's Trend

17 /12 / 2014      Great looking chart of TLS Telstra TLS Telstra has now formed a bullish HEAD AND SHOULDER pattern.
Nice little descending triangle in the right shoulder with 3 lows…text book…
A further break would have the $6.40 price target in play. Primary trend is UP.

27/January/2015

TLS meets the price target in short time, maintain the long position.
When Telstra report in the next few weeks look for any weakness as a further entry.
Dividend continues to hold the stock at these levels.

2nd/February/2015 TLs Telstra starting to top out at $6.56, this $6.56 level was the top of a Gap in the price from 2001.
Yes a long time ago but still relevant. The original price target has been exceeded with a strong run from the 8/01/2015 breakout.
With the Ex dividend approaching and without a further push higher, look for the price to settle back into the
bullish Gap from the 21st January 2015. Ultimate price target $7.00

TLS