Philippine Long Distance Telephone (NYSE:PHI) Update - May 15, 2014

Technical View
Daily Chart
> PHI completed a Bearish ABCD Harmonic Pattern.
> False Breakout from Upper Median Line of Andrew's Pitchfork.
> Support at 50% Fibonacci Retracement Level. Further support is seen at 61.8% Fibonacci Retracement Level and Median Line of Andrew's Pitchfork.
> RSI is currently at 59.83 (Based on 30-Day Period). Support at 50.

#Caveat
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