TEL breaks Out from its downtrend line. Tel was up by 4.81% 1742 from 1662.
Green candles touches support of 0.5 FIBO (1759). Will retest this level.
A Big Volume at 339 230 with Top Foreign buyers consisting of UBS, CSUISSE and SB equity.
The support line holds based on RSI indicator. PLDT 52 week low is 1621.
TEL must break 1800 level for the uptrend to continue.
MINIMUM BOARDLOT is 5 , at current price 1742= 8620; I would buy this for the DIVIDENDS and its near its all time LOW of 1621.
Below is the dividend History
CATALYST/NEWS
Pldt sells Meralco stake
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" PLDT, via Beacon Electric Asset Holdings Inc., owns 17.48 percent of Meralco while Metro Pacific owns another 32.48 percent. That means PLDT’s Meralco stake was worth about P60 billion based on the electricity retailer’s latest share price of P301.80 apiece. Meralco lost more than 4.5 percent Friday after Metro Pacific announced an alliance with the Ty family’s GT Capital Holdings and a deal to acquire 56 percent of the latter’s power business.
Pangilinan said proceeds from the sale of its Meralco stake, likely to companies within the group to maintain their control, would be used to pare down PLDT’s debts and to partly pay for capital spending. "
Pldt with GTCAP buys GLOBAL POWER
*" The main Philippine unit of Hong Kong-based First Pacific Company Limited on Friday, May 27, acquired 56% control of GT Capital Holding Incorporated’s power generation arm, Global Business Power Corporation, for P22.06 billion.
"Through this, the effective ownership of MPIC will rise from the current level of 32-33% to a higher number," Pangilinan added."
PLDT sells SPI global stake
*PLDT Inc. plans to sell its remaining stake in business process outsourcing provider SPi Global Holdings Inc., a top executive said Monday.
“We will look our options when the majority owner decides on what to do with those shares. If they can get good value on it, obviously it would be interesting to tag along,” PLDT executive vice president and head of enterprise, international and carrier business Eric Alberto said.
CVC Capital Partners, the majority shareholder of SPi Global, planned to sell its 80-percent shares in the outsourcing company it acquired from PLDT in 2013.
