Telkom Analysis
Close but no cigar! Telkom managing to peep beyond the sneaky R28 resistance but then quickly crashing beyond uptrend resistance to end at R25. Still hope for recover And giving an opening for anyone wanting to opt in although. Getting to 30 a share from this point would yield around 20% returns. Safe to consider R25.00 as a support line now as we have reached this point 3 times now in the recent past but a few more tests would be okay to strengthen this support line. Very good chance that we can see a bounce back on Monday depending of course on the markets positivity.
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