Telkom continues with a gradual increase towards the R35 resistance, showing a good recovery after the dip to R29. Still within the uptrend support line. It will be fair to expect major struggles around the R35 resistance as we have seen this before and perhaps we can consider drawing a triangle approach towards this price point. R37 is still the ultimate price to...
- Another stock which formed an inside week
- Above R32.49 will target R35.37
- Longs are favoured as depicted by timeframe continuity ( trend)
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Telkom managed to peak at R35 resistance before having a deep dive to R32. Completely disregarding R32 as a support line. Currently at R30, if its current trajectory continues, we may see the R29 support line hold again as it has been called to action twice before, and if the markets allow it may hold again. At this point investors will be keen to try get...
The share broke through the 2889c prior resistance, and came back to test it a couple of times. Rejecting both times. Closed yesterday with a Doji, and we closed higher than yesterday's close today. If we break through that 3676 resistance. The share looks good on the long side
WE have ourleves a head and shoulders pattern on Telkom. made a false break. Looking to see how it reacts to the retest of the 200d EMA. Telkom looking the lagger of the Telcos bunch
Telkom continues to look positive and seems it might be able to peak at R37 resistance again the coming week. But to get there we will first have to comfortably surpass the R35 resistance which is where we are currently sitting. The new rating downgrade my have a negative impact on the stock market which could possibly cause a pull back on the Telkom stock price....
Telkom has brought a strong showing this month, up almost 31% in November.
The price peaked at R37 before and if we reach this again there is a good possibility we might see a dip here. Possibly from retail investors seeing this as a drop of point. Since the recent rally we saw earlier(and subsequent dip), Telkom has shown a strong recovery and possibly wont be...
We have finally managed to comfortably break and go beyond the minor R 28 resistance and currently stable at R 31.12. Again it seems the price will move depending on market sentiment in the coming week but for now looking positive with only a cause for concern should we reach the R 22 mark which seems quite far off at this point. The main hurdle right now is to...
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...
Telkom has established a strong support line at R 22.00 and seems to be marching towards the R 30 price again. There is a minor resistance at R 29 and the next major resistance is at R 32. Since September we see it has also established a strong uptrend support line which has been respected until now and its likely the fluctuations will continue to bounce on this...
Telkom: On a long term basis, TKG continues to trade in a downward trend, with the most recent medium term range between 22.40 (support) and 29.82 (resistance). We note the strong resistance in place at the 31.80 to 33.20 level which is also in line with the September 2011 breakdown level. In order for the stock to regain upward momentum or the medium to long...
