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.
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