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.
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
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.
Do you have a friend who also has TEL in his or her stock portfolio?
Help me help your friend by sharing this on Facebook and Twitter.
Click the social media icons below.
- AskJaycee#13: Will the Stock’s Price Go Up or Down? - June 19, 2020
- AskJaycee#12: Will the Philippine Stock Exchange Index Re-enter 7,000 This Week? - June 15, 2020
- AskJaycee#11: What’s My 7-Step Advice for Stock Traders and Investors? - April 23, 2020