Using the Fan Principle, we see that it just moved out or up from the 2nd trend line and poised to move up till it reaches and test the 3rd trend line. Using MACD indicator, it is showing a positive upward momentum... MACD line already moved above the zero line. This is a bullish crossover. A breakout from that resistance or 3rd trend line and resistance of the double top will definitely give us a good signal that this is a start of an up trend for TEL. As we can see, when it tested the 1st and 2nd trend line, this moved sideways to down also showing some bearish patterns (double top) inside the trend lines. Notice also the converging support and resistance lines forming a big triangle.
My say is that this will move sideways to up... Will test it's major resistances...
PD: No TEL
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