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Chart Watch – Telstra

Telstra should push higher into the top end of the trading band, as shown on the chart below.

Yield hungry investors buying TLS for the compelling 7% fully franked dividend, will likely push the share price higher, before running into resistance at $4.80.

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The last Algo Engine signal on TLS was a sell signal back in January at $5.25

Chart – TLS

 

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