Tricklar: TLS | Australian Securities Exchange

[BULLISH]: Telstra Corporation currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.6%.

[BULLISH]: Telstra Corporation opened in the middle part of daily range at 60% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

[BEARISH]: Telstra Corporation sellers are increasingly eager. There has been 2 consecutive days of range increase for TLS adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.3800 & the greatest daily price range this year has been $0.8500. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.4x.

[BULLISH]: Telstra Corporation is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

TLS: Average Directional Index Current Signal -> (1) 24 May: TREND STRONG (2) 23 May: TREND STRONG (3) 22 May: TREND WEAK

TLS: PVO Recent Trading -> (1) 24 May: 1.28 (2) 23 May: 1.89 (3) 22 May: 4.7

[BULLISH]: Telstra Corporation is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Telstra Corporation has broken the first DeMark resistance point ($3.6075) [Bullish]. Look for a long limit order entry near this point. Exit price for TLS should be set @$3.645 & Stoploss for Telstra Corporation should be set at $3.595

TLS: UIX Current Signal -> (1) 24 May: Low stress (2) 23 May: Low stress (3) 22 May: Low stress

[BULLISH]: Telstra Corporation has a current ARO(25) of 48. This has change 4 points from yesterday.

Telstra Corporation: The current Fibonacci Extension levels are: (23.61%) $3.53: (38.2%) $3.47: (50%) $3.43: (61.8%) $3.39The current support levels are: (78.6%) $3.32: (100%) $3.24: (138.2%) $3.09: (161.8%) $3.01: (261.8%) $2.63: (423.61%) $2.01

[BULLISH]: Telstra Corporation currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.6%.