Can't Tell for ETEL

Etelecare. Just like PSPT, ETEL is another BPO company whose major operation is located in the Philippines. My review of its chart shows that it has broken down from its descending triangle formation last Feb. 22. when it reached a low of $7. It currently trades around $6.37. Support is virtually unknown. However, looking at the chart, I see this heading down to a target price of around $3. This would have been a good shorting candidate. For those looking to go long on this issue, I say avoid this for now.