PT, the ma bell of portugal, has the potential to be a monster long-term swing trade/investment candidate.  first things first of course, and that would be a break of R1 (resistance) to trigger the long entry. so far, it has made a breakout and successful re-test of that primary downtrend line. first 3 initial targets marked and i also added a couple a longer-term targets for the longer-term investor/swing trader.  ideally i would like to see volume increase on a move above R1 however i will say that the volume on the relentless leg down from may ’11 was very high (likely capitulatory) so we don’t necessarily need to see a large increase over the already above avg volume since then.  daily and 2-day charts below.