Telus Corp T.T

Year low set this morning 21.12

[quietobserver]

Double bottom with 2 Oct/23 ($21.16) and there is a weak bounce. Thurs and Fridays positive move brought the rsi up enough to not be oversold on the yearly chart @ rsi 31.5 ish. This was enough for the algo's to pound it down at the open of 21.65 to 21.25 in 13 minutes and 18 minutes later it was 21.12. Next stop could be the lows of the month of March 2020. The manipulation/shorting continues.

[Schussing56]

I think, these depressed prices are the market's reaction to the current telecommunications environment. The Federal government has accomplished its goal of forcing telecommunications companies to lower prices by allowing the Rogers-Shaw merger to go through. Telus and BCE now have another major competitor to deal with. Plus, Telus went through a 2 for 1 stock split only 3 years ago. Those