Dec. 20 at 5:34 AM
$TU (Telus) => Defensive yield, still technically weak
Technical
Persistent downtrend below falling 50/100/200-DMA stack
RSI mid-40s = no momentum confirmation
MACD flat = downside pressure slowing, not reversing
Fundamental
High dividend (9.5%) supports downside but elevated debt + rate sensitivity cap upside
Telecom growth remains sluggish
Bottom Line
Hold / yield trap risk
Needs reclaim of
$13.30–13.50 to turn constructive
Otherwise dead money with dividend doing the heavy lifting
