JSE:TKG Telkom MarkupTelkom is another stock starting to be marked up. Again the March 2020 lows were the trigger for the CO to start buying. Telkom has not made lower lows since then. There was a major sign of strength (SOS) from May to July 2020. Now we have seen a backup (BU) to a last point of support (LPS) and previous resistance. After a significant bar today we are looking for a break above recent highs and the markup to gain some momentum.
JSE-TKG
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.