PLDT (TEL): 07.21.2014 Performance Review

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Stock Analysis - JayceeDeGuzman.com

PHIL. LONG DISTANCE TEL. CO. (TEL) closed July 21, 2014 at PHP3,040.00 per share, which is 12 pesos or 0.40% higher than its closing price last July 18, 2014.

PLDT (TEL): 07.21.2014 Performance Review

 

TEL Stats

Bearish/Bullish/Sideways: Sideways
RSI: 71.12 – already considered expensive
P/E: 16.70 – still considered inexpensive
Volume: The trading volume today was lower than the volume of the two previous trading days. Despite of that low volume, buyers outperformed sellers.

Current Share Price: PHP 3,040.00
Support: PHP3,000.00
Resistance: PHP3,040.00

Observations

The distance between MACD and the signal line is getting smaller, but it’s too early to tell if we’ll continuously go upward or downward. However, if the uptrend will continue tomorrow, PHP3,056 to PHP3,058.00 is possible.

Action Plans You May Consider

Although COL still marks TEL with a “BUY” signal, you may want to hold your position for now and wait for a crossover to appear between MACD and the signal before you make a buy or sell decision tomorrow. Observe the chart during the first few minutes of trading after the opening bell.

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Jaycee De Guzman

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