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Feb 23, 2023 11:20 AM

TELKOM SA (TKG) H&S LONG Long

TELKOM SA SOC LTDJSE

Description

H&S formed on Telkom SA.
Looking foe the price to break above the neckline and confirm support above 37.
We could see resistance around the 38 area (200MA.)

Note:
- R35 (20ema) is a key area of resistance
- A 15% cut to the workforce is on the cards
- It is expecting offers for its tower and masts business also by March
- It will be interesting to see how much value Telkom can unlock by selling Gyro and part of Openserve
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