With key components of the index including TM and TIMECOM trading at multiyear high, will we see the telecommunication index advances further to test Year 2018's high? The announcement of initiatives for companies participating in the Malaysian Govt MyDigital program may be taken as key catalysts for the sector with prime focus on companies in the fiber optics and...
As a long term investment I am looking into start scaling in slowly in BT as I believe that UK economy will thrive in next few years once this period is over.
a 300p (200% from this price level) will give a great return alongside dividend for many investors.
I believe scaling in will be a better strategy then all in.
Please do remember we might still do a double...
We are right in previous support area plus bullish divergence, resistance at 190p but still a chance of below support at 100p depending on market in general.
with 5G possibly coming in I think this will be a good opp for new entries in coming weeks.