Saturday, April 19, 2014

PHIL. LONG DISTANCE TEL. CO. (TEL) Update - April 19, 2014

Technical View
Daily Chart
>TEL completed the Bearish Bat Harmonic Pattern that was identified Here. Lets see in the coming days if the PRZ will be respected or it will follow the Potential Bearish Crab Harmonic Pattern that is forming with Potential Reversal Zone (PRZ) at 2932.
>Check also the GAP (This will be Filled in the future)
>Support at 78.6% Fibonacci Retracement Level.
>Resistance at 88.6% Fibonacci Retracement Level and 200MA.
>RSI is currently at 56.98 (Based on 30-Day Period). Resistance at 60 and Support at 50. 

#Caveat
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