The Telkom weekly chart showing a Hammer after effortlessly tearing down multiple support levels. You have to zoom back to 2010-11 to view the price at which Telkom was last at these levels. It sounds irrational that a share could show so much fear with a lot of volume to back that up. What Went Wrong? Telkom pattern isn't strange for JSE in recent times, the...
Telkom dancing around 10 year support & 6 month support. This is a key area to watch for a rebound.
Things are still bad for SOCs in SA. I predict the Telkom plunge is still early, I'll be waiting at the next support Good luck and follow me for more!
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...
Telkom is on WEEKLY SUPPORT, after a long and huge fall will Telkom be able to turn it around at this point? The RSI is OVERSOLD so we expect at least a bounce
Observation: TKG: After being -41% for the past 3 months, the share has formed a ‘doji’ at the horizontal support zone’. Look for the share to potentially regain trend line support, and make bullish ST reversal.
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...
- Technical indicators at a 'crisis level'. RSI at 20, Money Flow Index at 6. - Price nearing horizontal support of around 4667c. - Potential buy for an opportunistic trader.
We may derive the following from the Daily TKG chart: 1. Price dropped quite significantly from the ATH. 2. Whilst we are not attempting to call the bottom, price action is slowly starting to indicate a change in trend. 3. Monitor price action and look out for upside pattern formations. 4. As always - maintain your risk. Note: The views provided herein do...
We may derive the following from the Weekly TKG chart: 1. Price has dropped significantly from the ATH. However, we need to keep in mind that the sell off may present new buying opportunities. 2. The purple box represents a major retracement level and as such we need to watch price action for a potential buy. 3. Monitor price action and be patient before...
JSE:TKG Made big engulfing bar yesterday and made double bottom. Could be nice setup as well for few days for traders that like trading against major trend.
Key levels to watch on monthly: - Trend line support going back to April 2013 - A gradually downward trend line going back to March 2015. - See link to daily chart below
Now on 61.8% FIB Support - Buy/Long Opportunity Levels: Buy now 6910c or better SL: 6630c TP: 7700c
TKG MACD Has Crossed over closed above support / Resistance