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Zak Mir's Bear Call Of The Day: Telecom Plus: New Shorting Opportunity At 50 Day Line

By Zak Mir | Friday 12 June 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


What can be seen on the daily chart of Telecom Plus (TEP) is the way that there has been an extended decline since the final big bull trap through the 50 day moving average in October, effectively a momentum signal that is one of the more difficult to shake off.

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