Dumz

TKG - TELKOM - The squeeze within the squeeze (>3 : 1)

Long
JSE:TKG   TELKOM SA SOC LTD
Telkom looks to be setting up a descending triangle with a price target that if met would trigger a symmetrical triangle currently 7 months in the making.
Comment: The R30 support level proving to be fairly strong with a decent bounce the last two days.
Comment: Trade entered last week with a first price target of R38.40, full pattern target of R56.00. Stop loss below R28.50.

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