clair097

PLDT Inc. TEL has hit the projected target price around 1930 from the previous Head and Shoulder Bottom breakout last March this year. See the previous analysis of this pattern as it unfolds: https://psetrends.blogspot.com/2017/04/tel-breakout-update.html In the shorter time frame, a Bullish Hammer candlestick pattern has formed up after the recent pullback, a potential trend reversal pattern (needs confirmation today). Trading Plan - If still trading the  Head and Shoulder Bottom pattern (a medium term trading position), take profit on strength or scale down position. - Otherwise, avoid for now.

PLDT Inc. TEL is on a potential breakdown from its short term trendline with a gap after a failure to break the resistance around 1770. *Potential catalyst of the breakdown was the issue of labor standard violation and foreign ownership. Trading Plan - Execute trailing-stop if hit. - Scale down or sell.

PLDT Inc. TEL bumps the first resistance area at 1680~1700 after the recent breakout from a  Head-and-Shoulder Bottom pattern (breakout target is around 1930). *Next resistance area is around 1770. See previous analysis for details on the breakout and trading plan: https://psetrends.blogspot.com/2017/03/tel-on-breakout.html

PLDT Inc. TEL is on a breakout from a bullish Head-and-Shoulder Bottom pattern with a projected target price around 1930. *Immediate resistance is near 1700 (1680~1700 area). Previous breakout from a Falling Wedge pattern has already hit the target at 1618. Trading Plan - Buy near the breakout area. - Set stop-loss on breakdown from 1386 for around 1:2 risk/reward ratio. * Note that the pattern took months to complete so don't expect a short term reward. This is potentially a slow mover if the uptrend continues.