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TELKOM SA SOC LTDTELKOM SA SOC LTDTELKOM SA SOC LTD

TELKOM SA SOC LTD

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TKG trade ideas

Trading Plan For Telkom The share price of Telkom has breached the neckline of large head and shoulder technical formation. Typically, a break is followed by a re-test of the neckline or breakdown level and/or major moving average such as a the EMA20 and SMA50. At current levels, the price is finding support on it's 200-day moving average and may be a worth buy for a short term rebound. During yesterday's session we saw the RSI hit a very oversold level of 23 while this morning, along with a slightly firmer price, the RSI is attempting a move out of oversold levels with a print of 29 in early trade. Taking a short term view and at a price of 7740c, the share may be worth a buy. This is what traders could look to do: Buy TKG at 7740 (or better) Should we see the price go against us, use a stop-loss of 75.10 Take Profit at or close to 8180c
JSE:TKGLong
by LD_Perspectives
2
TKG - time to buy again?TKG remains in the third-best sector based on rotational analysis. “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” William O’Neil. Improving technical scoring according to our proprietary scoring methodology, supporting a bullish bias. A conflux of technical indicators supporting a bullish bias: Crossing above its 8-day simple moving average Bullish MACD crossover. Sideways OBV supports the fact that money remains in the share. Remains above its 200-day simple moving average. Three Inside Up Japanese candlestick. Time to exit: +- 2 September 2019
JSE:TKGLong
by Peet_Serfontein
1
Telkom bear flagging on the daily? $JSETKGTelkom has had a decent correction from its recent highs close to R100.00. Price has been consolidating this down move in the form of a bear flag, which is usually a continuation pattern in the direction of the previous trend. Should the daily break below this flag pattern @ R88.00 we could see price fall further to R80.00. Also interesting to note is that the massive rally all the way from R50 saw the stock consistently trade above both its 20 and 50 day moving averages. Only with this most recent correction have we seen price fall below these moving averages and this is possibly starting to indicate a change in trend for the counter going forward
JSE:TKGShort
by MarcoOlevano
TKG - New Sell ZoneLooking at the TELKOM, we may derive the following from the weekly chart: 1. Price is at a notable resistance level where the first rejection has occurred. 2. Price may form a reversal pattern at the high going forward - will monitor this and short accordingly. 3. I am favouring a move to downside in the near future. 4. I am currently short at R100 and will hold sells, unless we get a clear high > R100. 5. As always - maintain your risk management. Let's see what happens. Note: The views provided herein do not constitute financial advice.
JSE:TKGShort
by zeerotrader