Pokethebear

Argentine Telecom deep discount breakout on falling wedge

Long
NYSE:TEO   Telecom Argentina SA
TEO breaks out of deep falling wedge from half its value earlier in year.
* Paid a 17.45% dividend last year and known for double digit dividends
* Telecom 5G play for new subscribers in 2019, or watch until 2019 entry at higher price, likely near $30.
* Growing mid-cap telecom, cable, cellular provider
* Fell out of favor on negative earnings miss building infrastructure
* Revenue growth +35%, Revenue change +24%
* Currently only 20% large fund ownership, which will grow with 5G emergence
* Breaking out from bottom just above $15 and below $20 and going up.

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Comment: Div. yield is 7.6% for TEO
Comment: On 1w chart TEO is forming cup & handle entry to likely jump to 24-25 or 20% gain.
Order cancelled: This was quick in-out, and seeing only having gotten worse. But putting a fork in watching this one.
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