Telstra price action in relation to 10 & 40 period MA's
THIS ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY.IT IS NOT AN INVESTMENT ADVICE.
In terms of an END of WEEK CLOSE is there an exit (close long position trigger ) with Telstra in relation to either simple moving averages ? NO the only answer is.
What does the current price action behaviour,over the last eight weeks or so, tell with low volatility trading range ? Re-accumulation or distribution ? My take is Re-accumulation.
With the bullish price objective/objectives in place,where could TELSTRA be potentially heading once the trading range is resolved ? My take is UP again.
Ride the trend and make it your best friend !
In terms of an END of WEEK CLOSE is there an exit (close long position trigger ) with Telstra in relation to either simple moving averages ? NO the only answer is.
What does the current price action behaviour,over the last eight weeks or so, tell with low volatility trading range ? Re-accumulation or distribution ? My take is Re-accumulation.
With the bullish price objective/objectives in place,where could TELSTRA be potentially heading once the trading range is resolved ? My take is UP again.
Ride the trend and make it your best friend !