BUY: Tele Norte Leste Participacoes SA (ADR) (NYSE: TNE) $21.90 (7/16/07)
Sell price: $ 23.00 or
Sell date: August 16, 2007
Stop loss: $20.72 (-6.8%) - ATR(10) * 2
EMA/MACD very bullish
Fibonacci analysis bullish
Stochastic analysis very bullish
Great institutional support
Profile: Tele Norte Leste Participacoes SA (Tele Norte Leste Holding Company (TNL)) is a telecommunications services provider in Region I of Brazil, offering an integrated communications product portfolio that includes traditional fixed-line, mobile, broadband, Internet service provider (ISP) and other services to residences, consumers, small, midsize and large business users, and government entities. The Company markets its services under its Oi brand name. TNL’s traditional fixed-line business includes local, long-distance, public telephone and network usage services in Region I. During the year ended December 31, 2006, approximately 86% of TNL’s consolidated revenues were generated through its operations in the stable fixed-line sector and the data market. The mobile segment was responsible for the remaining 14%. TNL’s subsidiaries include Telemar Norte Leste S.A. (Tmar), its fixed-line subsidiary, and TNL PCS S.A (Oi), its mobile phone telecommunications subsidiary.
$21.26 (07/17/07)
