Telkom beat expectations on results and now rallying and breaking neckline of this inverted head and shoulders formation. Should see a target of R28 in the near term
Downward Channel has formed on Telkom. The price continues to make lower highs and lower lows. We can only go with the trend as long as it continues. So my bias is bearish as there are other momentum indicators confirming downside to come. 200>21>7 RSI<50 Target R15.00 ABOUT THE COMPANY Telkom SA SOC Ltd. is a leading telecommunications company in South...
Inv Cup & Handle formed on Telkom. We then had a break down and the market has been coming down ever since. 200>21 >7 - Bearish RSI<50 The first target was at R28.63. But the market gapped and opened at R26.00. This means the price got out at a better price for the short. The bias is still bearish and we can expect further downside. I'll let you know in due course.
Inv Cup & Handle formed and broke below the brim level. 200>21 >7 - Bearish RSI<50 Target R28.63 Bearish bias We had a BOS up twice before, we had a Change of Character. This means, we go our trend reversal on the bigger time frame, showing downside to come. This works with the INv Cup and Handle and because the Daily Bias on the JSE is bearish all confirms...
JSE:MTN is back at an area of value. The stock attempted to rally following the proposed JSE:TKG takeover, both stocks enjoyed a mini-rally. The rally ran out of steam last week, and now JSE:MTN is back at the support level. A catalyst is needed here to push the stock up, otherwise a potential breakdown may play out. No position.
JSE:TKG Don't you love the tension when a symbol gets to this point: - MACD is at the signal line, - RSI is at call it 50, - The price is on the 5EMA which is on the 15EMA which is more or less on the 200DMA, and - It's all at the tippety point of a symmetrical triangle In its longer term trend I would've leant toward the triangle resolving upward to R50,...
Decent position trade looking like it might be up for grabs. Daily shows some decline still possible to test 2 standard deviations from the mean on the downside, still staying in the area of value for those believing the stock is cheap, but will hopefully move to test the 200 day MA and break above in the next couple of weeks. Targeting the 200 MA short term and...
Upward channel is broken. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
Flag broke upward, monitor for a retest and direction. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
Still want to hold it long term, but if the trend breaks down here might let it go for now. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any...
Telkom has reached a resistance at R 37 which is the final hold before heading over to R 40. Still waiting for a dip which is very possible as marked on the green zones but will accept a positive rise. Still have no idea what is causing this rally. If u do know don’t hesitate to late me know.
It appears the long downtrend was broken and retested, hoping for a recovery. Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any way. Always...
telkom bouncing off support a possible trend shift...waiting for more buyers to come in
Telkom's CRASHED 54% since June! Here's why I'm leaving it alone… This is sad but you need to know. Today, I am taking yet another company off my trading watchlist. Telkom… Since June we've seen this telecommunications giant' share price crash from R100 down to R46.00 per share. That's a 54% sharp drop which signals MAJOR red flags when it comes to...
I've been keeping a close eye on Telkom lately. Since topping out at R100 in June this year, it has more than halved in price during the last few months. What has caught my eye is the substantial increase in volume that we have seen at these lower levels. This almost gives me the feeling that market participants have started to capitulate which is normally a good...
JSE:TKG - Price has retraced to the 0.618 level of the last move. - Weekly trendline support / Stochastic oversold - On watchlist, will wait for price action to confirm a long entry.