Telkom
3 good reasons to short $JSETKG#Telkom might be running into some tough resistances after a long uptrend earlier this year.
- Retest of long term trend-line
- Bear flag forming
- Last but not least, .618 fib retracement level reached
All 3 these reasons are sitting at the same point.
Maybe a last effort or bull trap waiting, but I expect a drop
Flash note: Telkom - Triple Breakaccording to our Unum Trading Desk analyst, Lester Davids, "TKG is making a triple break: the 50dma, 200dma and nearly through the downward trend line. "
