Technical outlook – Approaching this share from a technical perspective, the current market pattern is nesting on a support base at $2.90 to $3.10.

After assessing the extent of the sell-off at the beginning of this year, we believe the bullish pathway is expected to unfold towards the region of $3.60 to $3.80.

Company Overview – Telstra Corporation Limited (TLS) is a provider of telecommunications and information products and services through its Australian and offshore operations.

TLS has a range of businesses, namely fixed broadband, mobile, data and IP, network application & services (NAS), digital media and international.