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TELUS has pulled back nearly 24% in three months, dropping from ~$23 to ~$17.50 and is now sitting at the lower boundary of a multi-year descending channel.
With a strong dividend yield, this level becomes attractive for long-term accumulation, allowing investors to get paid while waiting for a potential mean-reversion and Santa rally bounce.
TELUS has pulled back nearly 24% in three months, dropping from ~$23 to ~$17.50 and is now sitting at the lower boundary of a multi-year descending channel.
With a strong dividend yield, this level becomes attractive for long-term accumulation, allowing investors to get paid while waiting for a potential mean-reversion and Santa rally bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.