VillageTraderZA

Head and Shoulder Telkom

Short
JSE:TKG   TELKOM SA SOC LTD
TKG

The share recently bounced off the R15 level, an area it last traded in 2014. It has since been making higher lows since. However, We have a Head and Shoulders pattern. In the direction of the trend. I’m looking to go short on the break of the diagonal neckline. Targeting the R15 Support level.

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