Medium term view - PHAROL : The 62% retracement is close.
The trend remains neutral. Prices will have to break above the peak at €0.2940 for the trend to be positive again with an invalidation level below €0.1570.Arguments :
- The 62% retracement is close.
- Prices are breaking below the moving average.
Pharol SGPS is a telecommunications group based in Portugal. Co. provides telecommunications services in Portugal, in Brazil through its strategic partnerships with Oi and Contax, and in certain countries in sub-Saharan Africa and Asia. Co.'s business is organized along two operating segments: Telecommunications in Portugal; and Telecommunications in Brazil - Oi. Telecommunication services provided by Co. include: Residential services; Personal services; Enterprise service, including Corporate and SME/SoHo services; and Wholesale and other services.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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