TEL1L is consolidationThe current price move of the consolidation will be continuing for some time .
The price move in the upside or downside will be decided after this consolidation and its sideways are over.
TEL1L trade ideas
Telia Lietuva again interesting to buy ?OMXVSE:TEL1L 3% below ATH, when BalticstockInvestor warned that overbought conditions are seen
Now RSI is only 60 compared to 90 in end of July, thus bulls can start pumping up the already expensive stock, which seems to be viewed as safe haven in Baltics.
Drop to 200 SMA would mean a 12% decline in today's stock price, which is not so bad considering strong demand for this stock.
TELIA Great company , with over 200 million clients , over 20 years in Lithuanian market.
The scandal released in the newspaper regarding bad management of highest rank responsible person. ( removed from position and changed in one day)
We can assume somebody leaked information that dividends will be increased and year before we see a pretty sharp move up in price of stock.
I expect a correction, and to Long it from price 1 EURO and 0.80 EURO cents.
Dividends 0.07 cents per share.
