##{"id":61383,"date":"2013-02-26T12:13:26","date_gmt":"2013-02-26T01:13:26","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/02\/26\/can-telstra-hang-on\/"},"modified":"2013-02-26T12:13:26","modified_gmt":"2013-02-26T01:13:26","slug":"can-telstra-hang-on","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/02\/26\/can-telstra-hang-on\/","title":{"rendered":"Can Telstra Hang On?"},"content":{"rendered":"

\n\tAfter going ex-dividend last week Telstra ((TLS)) is holding the dividend at $4.60 at present on 26th<\/span> February.<\/p>\n

\n\tLast night's price action in the US was bearish and it looked to the TechWizard<\/span> that a run for the exits is about to happen for a decent correction<\/p>\n

\n\tA daily close below $4.48 would usher in selling down to $4.20 but if TLS is favoured<\/span> as defensive stock in this correction, a daily close above $4.68 would see $4.80 on the cards.<\/p>\n

\n\tThe TechWizard<\/span> favours<\/span> the downside.<\/p>\n

\n\t
\n\t $\"\"$
\n\t <\/p>\n

\n\tThe TechWizard<\/span> is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard's<\/span>, not FNArena's<\/span> (see our disclaimer).<\/em><\/p>\n

\n\tTechnical limitations<\/strong><\/p>\n

\n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span>, but technical limitations are to blame.<\/strong><\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"