3SOF

CTC (Compania de Telecommunicaciones de Chile S.A.)
Profile: Compania de Telecomunicaciones de Chile S.A. provides a range of telecommunications and other services to individuals and companies in Chile. Its services include local telephone service and broadband; long-distance services; data transmission; dedicated lines; terminal equipment sales and leasing; and public telephone services.
Market Cap: 1.67B 

A few technical situations are giving some bullish pre-signs to this chart:
- Possible breakout of a short term descending channel (needs confirmation) with target at $7.62.
- Volume peaks in recent sessions may be signalling a bottom.
- A few indicators divergences, especially on the DMI are showing the main trend (bearish) is loosing a considerable strength over the past 2 months.
- CTC is trading inside a large descending channel, which suggests a potential climb to$8.00 in case of rebound.

Maybe interesting to keep this one on the watch list...

Regards,

Holding up the breakout, but volume has dropped a bit (but still a nice chart).