Long TLS

Long TLS.ASX

TLS

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We had a buy signal at $5.20 in June. Telstra is now in a higher high, high low technical pattern and supported by 6% div yield. Investors are positioning ahead of the upcoming 1.5billion dollars to be retuned to shareholders in the next 6 months. TLS can rally through to $6.00 before investors may wish to look at locking in gains.

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks