AcolyteTrader

Long idea on TKG

Long
JSE:TKG   TELKOM SA SOC LTD
The weekly chart shows the 3680 level as support for previous price action. Price needs a close above 5000 for sustained move higher in coming months or price hits the 4600 level and moves back down towards the 3680 or even lower to 3200. On the daily chart price has had a pullback and may be forming a bull flag/pennant for latecomers who missed entry in the previous breakout.

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