Tuesday, January 21, 2014

TEL and BDO joined the 'breakout' team 1-22-2014

TEL broke out from 2700 resistance and now in uptrend. Resistance short term is at 2800 then 2830, but I think it can go as high as 2900 if we remain strong. Ex-date and special dividend will be around March 2014 and we could go around 2800-2900 at the time of Ex-date.

BDO just broke out of 74 and now could be turning into uptrend. Initial uptrend resistance is 74.5 and increasing, we have a target of 78 medium term for  the Dec2013 high.

PSEi still looking to hit 6100-6200 based on my initial targets, a sideways pattern for US can fuel PSEi to our initial target before any major move.



Cheers!

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