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[sharechat] Re; TEL

From:	"Intelligent Investing Team" <knowledge@intelligentinvesting.co.nz>
Date:	Mon, 17 Dec 2001 15:15:42 +1300

I would have to agree with you on TEL, It looks like a close today around $5.00 which would be a break of the medium term trend.

A sell stop just below $5.00 tomorrow would be a pretty smart move for those wanting to take profit.

Looking ahead, if the price drops, the most significant support is probably at $4.65.

As a learning exercise for all you chart people, try putting a 14 period RSI with TEL, you can see that the uptrend on the RSI also broke yesterday. Support, resistance, and trend analysis can work pretty well using this indicator. Especially after a sustained trend.

Regards and good trading

Nick McCaw

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