Stock in Focus: PLDT (TEL)

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Telecom giant PLDT (stock symbol: TEL) lingered just above 2,600 all throughout this week, giving the recent decline a break after enjoying a steady retreat for nearly two months.

The TRIX indicator also flatlined in the process; however, it remains below the zero level.

TEL buyers should aim for a move back through the key level at 2,700. This level serves as a line in the sand for this stock. 2,600 remains at risk of a serious breakdown.

(Click here to see the original image)

 

TEL Daily chart Dec13

TEL Daily chart December 13

 

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