TEL confirmed breakdown. Short Term Trend: From sideways to downtrend, target downside is near 2500-2550.
Technically speaking, this descending triangle breakdown could trigger
selloff up to 2420. Due to the length target of the descending triangle.
PSEi index could face more downside due to Tel's weakness. RSI now at 25.
Long term support still uptrend at 2200. But Medium term support from 2011-2013 has broken down and became sideways to down.
Short term supports: 2500-2550
Medium term supports: 2400-2500
Long Term supports: 2200
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