Watching #TLS #ASXCurrently not in Telstra, but they do again have the edge on the 5G game in Australia. But right now in the short term anyway we are overbought.
Lets take a look.
The Price is currently above both the Bollinger band and Linear Regression, which to my eyes if I was holding I would be watching the RSI MFI & Stochastic RSI very closely. I am expecting them to turn down very soon and that would be a sell.
What TLS has going for it is that, because the price has closed above the Linear Regression while it is in a downward direction tells me that the long term direction has changed and we will see higher prices and if 3.64-3.80 can hold it would be great for the bulls.
So expect a drop to those above levels, but higher prices over the years.... if we don't have a whole market turn
