Telkom Trade PlanTelkom 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.
TKG trade ideas
Telkom upward channel still in playNice upward channel on Telkom to help navigate the trade
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.
Could this be a turnaround for Telkom?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 use a stop-loss and manage risk.
Telkom (TKG) - testing key resistanceTelkom almost closed today on key resistance of 2112. Sellers tried to push it below the 20 day EMA but failed. Will have to see if it can break resistance this week especially the 50 day EMA at 2177. It tried to break through the 50 day EMA on 15 April but sellers pushed it down through the 20 day EMA. Once we clear 2177 convincingly, it will afford a buying opportunity with next resistance at 2458, 2580 and then 3185.
My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
Telkom -This is not a financial advice, Manage your risk according
This chart is really starting to get interesting. On the Weekly the price crossed 10MA for the first time since July '19. The R18.00 is acting as a solid support.
Daily 10 and 20 MA crossed. safe play would be to wait for the R21.50 to flip support.
Target would be R25 and R29
Stop loss : Close below R17.19 on the daily
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Telkom [TKG]Data and Fibre to Home Access is booming, mobile and data telecom players are expanding capacity to stay ahead of demand and govt is rolling out emergency spectrum to cope with staggering demand during the WFH / Lockdown period. This should reflect in the price, yet its very sold off.
I like TKG for a bounce, entry around 2000cps and first target of 2300cps followed by 2500cps for the brave.
Good luck.