A gloomy outlook for Telecom Plus
The utilities supplier has had a torrid time of late, and independent analyst Alistair Strang is struggling to find positives.
12th May 2026 07:47
by Alistair Strang from Trends and Targets
Telecom Plus (LSE:TEP)'s share price allows us to introduce a “back to school” presentation with some fuel for thought.
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From viewing the closing prices, along with daily candle movements, the two charts give a strong impression the share price has found a bottom at the 1,000p level. There’s certainly a suggestion taking a long position at ten quid would make a lot of sense, but we’ve some doubts.
Source: Trends and Targets. Past performance is not a guide to future performance.
Firstly, 1,000p level was broken intraday last Wednesday (998p) and, secondly, we’ve extreme distrust about such a visually solid presentation. We expect the worst, and worse, there are a collection of “worses” residing on the chart below.
Below 998p risks triggering reversal to an initial 828p with our secondary, if broken, calculating at 808p. With the close proximity of these two drop target levels, it certainly would be reasonable to anticipate a bounce if such a target appears. However, something worth remembering is the Big Picture calculation, one which shows the share price is already stumbling downward to an eventual 630p along with a potential strong bounce.
We really dislike visuals which spoon feed an artificial presentation of reality, such as a “floor” at ten quid. In the marketplace, there’s no such thing as a floor or bottom, only the point at which a share price chose to discover some strength.
Should Telecom Plus decide to exhibit some strength, above 1,232p is needed to impress anyone, as this would make a visit to an initial 1,637p look viable with our secondary, if bettered, at 1,864p along with almost certain stutters. For now, we fear the worst.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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