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[sharechat] TLS Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Thu, 27 Sep 2001 17:36:36 -0700 (PDT)

 Telstra is a stock that has in the past been closely followed on Sharechat. 
Over 3 months ago a lot of discussion was generated by the following posting.  
http://sha.sharechat.co.nz/archives/2001/06/msg00370.shtml  Much criticism 
followed, leading to the response 
http://sha.sharechat.co.nz/archives/2001/06/msg00452.shtml
  It is interesting and informative therefore to revisit TLS. A short-term 
updated chart is attached below. The most salient feature is the fact that the 
Support level of $4.65 referred to in the initial chart has held, and marked 
the turning point almost to the cent. There has now been a Trendline break, and 
the downtrend is over. Any Close of over $5.39 will mark a new Uptrend. This 
would appear to be imminent, given the fact that that the latest 2 Candlesticks 
are "White Closing Marubozu". These are a Bullish indication, and are formed 
when an Up day closes at the High point of the day.
                     Phaedrus.  

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