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Trader-Dan

TELKOM - Bearish setup

TELKOM SA SOC LTD (JSE:TKG)  
Trader-Dan  
JSE:TKG   TELKOM SA SOC LTD
Support and Resistance
2
0
supportandresistance
I favour taking long setups to shorts but the Telkom chart is looking pretty bearish and could possibly pull back to R43.20 and then R36.50 if no support is found.

A close above R49.50 will negate the view.

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Disclaimer: All ideas are my opinion and should not be taken as financial advice.

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