JSE:TKG Don't you love the tension when a symbol gets to this point: - MACD is at the signal line, - RSI is at call it 50, - The price is on the 5EMA which is on the 15EMA which is more or less on the 200DMA, and - It's all at the tippety point of a symmetrical triangle In its longer term trend I would've leant toward the triangle resolving upward to R50,...
Telkom 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...
Flag broke upward, monitor for a retest and direction. 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.
Nice 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...
Telkom 1hr chart shows support at 18.50 with overhead resistance coming in at 22.50 and 26.50
JSE:TKG - Price has retraced to the 0.618 level of the last move. - Weekly trendline support / Stochastic oversold - On watchlist, will wait for price action to confirm a long entry.
New +TKG / - MTN pair at 0.7554 with a target of 0.825 (TP1) and 0.92 (TP2)
Telkom has once again bumped up into its trend line resistance which has formed highs in the stock on two previous occasions. The stock has been a strong outperformer in its sector and one wonders whether it has not possibly run too hard in the context of a weak economic backdrop locally. What is interesting to note is that the top in 2015 formed in early April....
according to our Unum Trading Desk analyst, Lester Davids, "TKG is making a triple break: the 50dma, 200dma and nearly through the downward trend line. "