Telkom 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.
My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.