TELESTE (TLT1V) | Under The Fair Value, Potential +30-40%
Hi,
Another stock idea, they have been pretty accurate so, let's hope that the pattern doesn't change :)
Teleste Corporation provides video and broadband solutions, and network services in Finland and internationally.
I have great news for investors because it starts to approach technically a good rejection area, plus - Teleste trading below its fair value and earnings are forecasted to grow. The fair value should stay €7-8.
Technical criteria:
1. The light-blue horizontal line represents a strong area. This price zone has been four-time yearly high or yearly low and currently, it should act as a support.
2. The gray trendline, it is not a textbook trendline but in the stock market, they don't have to be so perfect as they should be in Forex trading. They both make up a crossing area which is already a good sign on the Monthly chart.
3. There is also a minor red trendline, waiting for a third touch which should act as a support.
4. 50% from the recent high. Actually, the bounce-pocket stays between 47-53% and this matches exactly with our other criteria.
So, a Monthly chart and a pretty solid crossing area.
For short-, mid-term investors (let's say 2 months or half a year) - wait for a Weekly bullish candlestick pattern.
For long-term investors - technically a good entry stays between €4.2 - €5.00
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido
Another stock idea, they have been pretty accurate so, let's hope that the pattern doesn't change :)
Teleste Corporation provides video and broadband solutions, and network services in Finland and internationally.
I have great news for investors because it starts to approach technically a good rejection area, plus - Teleste trading below its fair value and earnings are forecasted to grow. The fair value should stay €7-8.
Technical criteria:
1. The light-blue horizontal line represents a strong area. This price zone has been four-time yearly high or yearly low and currently, it should act as a support.
2. The gray trendline, it is not a textbook trendline but in the stock market, they don't have to be so perfect as they should be in Forex trading. They both make up a crossing area which is already a good sign on the Monthly chart.
3. There is also a minor red trendline, waiting for a third touch which should act as a support.
4. 50% from the recent high. Actually, the bounce-pocket stays between 47-53% and this matches exactly with our other criteria.
So, a Monthly chart and a pretty solid crossing area.
For short-, mid-term investors (let's say 2 months or half a year) - wait for a Weekly bullish candlestick pattern.
For long-term investors - technically a good entry stays between €4.2 - €5.00
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido
