TELEFONICA,S.A.Long
TELEFÓNICA: Bullish bat pattern
Updated
O2-Virgin operation in May. Before mid March, important date when competitors will provide information.
Technical analysis shows a bullish bat pattern and its prophecy being accomplished today. Fibonacci retracement level 0.236 has been reached and tomorrow TEF may try to conquer 3.80 once again if profit taking doesn't make the stock flat all over the session. Long term perspective clearly bullish if UK regulator issues positive news.
Technical analysis shows a bullish bat pattern and its prophecy being accomplished today. Fibonacci retracement level 0.236 has been reached and tomorrow TEF may try to conquer 3.80 once again if profit taking doesn't make the stock flat all over the session. Long term perspective clearly bullish if UK regulator issues positive news.
Note
MasMóvil launches a takeover bid for Euskaltel. TEF goes down between -4% and -5%.
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