From COL facebook page - "Blue chip stocks continue to be at the top of our Weekly Actives, with ALI being our most traded stock. Apart from blue chips, DITO, a speculative issue is also present.
"Don't know what the Stoplight means? Watch our short video here at bit.ly/COLstoplight."
- The weekly chart of TEL shows a reversal confirmation.
- It broke out from the downward channel.
- A new upward channel is being formed, with several HL (higher low) patterns
- Initial target is the psychological P2000, then P2140.
- Let's see how this play out in the coming weeks.
- It's always "nice" to buy TEL, when the RSI is showing OVERSOLD condition. Somehow, within a week or two, it will recover at least 5% from its low.
- Will history repeats itself, again and again?
- all indicators points to sell TEL for now
- although RSI (14) is showing OS level at 28
- wait for a sign of recovery, then accumulate again
- price adjustment on March 12 due to P86 cash dividend.