TKG ShortTKG volumes not confirming short trade wait for close below Resistance / Support levels Shortby surecanweight5
TKG - Near SupportWe may derive the following from the Weekly TKG chart: 1. Price has fallen as previously analysed (See linked idea). 2. Some profit can be taken. 3. A potential bid may occur at the support level (8300) 4. Keep holding. 5. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.by zeerotrader4
TELKOM SA SOC LTD JSE TKGTELKOM SA SOC LTD is Hitting a low 8250 then it will turn bullish up. Telkom is the real New Man in Africa. For Telkom show, it will stay for many years to come. Shortby Jules1113
Telkom- SHORTThere's a mini "death cross" where the 21 day moving average has broken below the 50 day moving average which is quite a bearish indicator for the short to medium term. When going short based on this occurrence, one can never expect to get short at the highs, but rather trade the momentum that is dragging the moving averages down...I'm just looking for 6 bucks... (looking to enter at 88.00 or better)Shortby RobbyP227
Telkom bear flagging on the daily? $JSETKGTelkom has had a decent correction from its recent highs close to R100.00. Price has been consolidating this down move in the form of a bear flag, which is usually a continuation pattern in the direction of the previous trend. Should the daily break below this flag pattern @ R88.00 we could see price fall further to R80.00. Also interesting to note is that the massive rally all the way from R50 saw the stock consistently trade above both its 20 and 50 day moving averages. Only with this most recent correction have we seen price fall below these moving averages and this is possibly starting to indicate a change in trend for the counter going forward Shortby MarcoOlevano8
JSE:TKG - Inverted Hammer Inverted hammer on the daily off ~8775 support 100day EMA above 200day EMA Bullish Trend CCI creeping toward -100, indicating slow but steady buying pressure Longby corvidaecapital6
TKG - New Sell ZoneLooking at the TELKOM, we may derive the following from the weekly chart: 1. Price is at a notable resistance level where the first rejection has occurred. 2. Price may form a reversal pattern at the high going forward - will monitor this and short accordingly. 3. I am favouring a move to downside in the near future. 4. I am currently short at R100 and will hold sells, unless we get a clear high > R100. 5. As always - maintain your risk management. Let's see what happens. Note: The views provided herein do not constitute financial advice.Shortby zeerotrader3
$JSE-TKGJSE:TKG Great example of "From false moves comes fast moves" or "Buy on rumors sell on fact" In both cases $JSETKG is ready to go down. by ALSITRADER6
TELKOM (TKG) 4-HOUR TIMEFRAME LONGIt is shocking to see a stock soaring in an economy plagued with state capture scandals, corruption, uncertainty and all things junk. Notwithstanding the fact that i love South Africa, it is sadly true that most stocks on the JSE stock exchange are in bear market territory. Hence the shock i had when i opened this chart. I expect prices to move up as they continue the healthy uptrend. The exponential nature of this trend makes it difficult to ride it. It is like trying to jump onto a speeding bullet train. Anyway, i would consider the 8 200 level as a possible support area where buyers can enter into new positions. It is important to note that the price might possibly form a right shoulder to complete a tête et épaules (head and shoulders) pattern, causing the price to plummet towards the trendline. However, the long term bias is still long. I guess the bulls needed a break so to them!Longby munyaelliott6
Telkom showing signs that the top could be in for now.. $JSETKGTelkom has once again bumped up into its trend line resistance which has formed highs in the stock on two previous occasions. The stock has been a strong outperformer in its sector and one wonders whether it has not possibly run too hard in the context of a weak economic backdrop locally. What is interesting to note is that the top in 2015 formed in early April. The following top in 2017 happened just over 24 months later (2 years). 2 years on and we are busy possibly forming the next top. 3rd time lucky? Well.. the RSI indicator has formed bearish divergence on the weekly chart where the RSI has made a lower high, not confirmed by price which went higher. This is typically a warning of a correction to come in the stock. My first target will be the 23.6% fib retracement at R70.00. If the stock stays weak we could see the next fib targets of 66.00 and 61.50 come into play..Shortby MarcoOlevanoUpdated 9
Short Opportunitylast batwing formation completed , anytime from now stock might go south.Shortby Kamo_Zelo2
Telkom - Failing at Resistance With A Bearish Engulfing CandleFailing at Resistance With A Bearish Engulfing Candle: The second one in just over a week. Telecom shares under pressure. Upward trend line yet to be broken however do we always wait for a break if fundamental evidence emerges and the technical start to show evidence of weakness? No. This one appears to be under some selling pressure and may just tick a lower over the short term. Shortby LD_Perspectives6
3 good reasons to short $JSETKG#Telkom might be running into some tough resistances after a long uptrend earlier this year. - Retest of long term trend-line - Bear flag forming - Last but not least, .618 fib retracement level reached All 3 these reasons are sitting at the same point. Maybe a last effort or bull trap waiting, but I expect a dropShortby TheDavo904
JSE:TKG Telkom Great Wykoff StudyIt is not a good time to buy Telkom but it makes a good study of the Wyckoff principles. The first thing to notice is the pattern: Markdown - Accumulation - Markup - Distribution - Markdown - Accumulation - Markup and now potentially forming a range again. The next notice the two ways that markups and markdowns en: 1) The first Markup and Markdown ended by an inability to move to the oversold or overbought trend line, 2) The second two had over throws of the lines. Both these setup resulted in a trading range forming. The next thing is to notice how the trading range forms. Only the main labels are added to have less clutter. Volume increases on the Preliminary Supply (PSY) or Support (PS) and it is possible to even be the highest volume for the range as is the case in the Distribution Range. Next a Selling (SC) or Buying (BC) Climax is formed on volume stopping the trend (Phase A). After a Aromatic Rally (AR) or Automatic Reaction (AR) (Still Phase A) a period of low volume in the TR forms where the Composite Operator (CO) is carefully either Distribution or Accumulating stock (Phase B). Once this is done the TR ends in a Spring; Upthrust after Distribution (UTAD) or Last Point of Supply (LPSY) / Support (LPS) Before breaking the TR (Phase C). Once it has been marked out of the TR a backup to the trading range first takes place (Phase D) before the Markup or Markdown can begin (Phase E). Also notice how the Volume RSI can assist in providing a clue if an accumulation or distribution is forming. by SteynTradeUpdated 4410
$JSETKGJSE:TKG Braking up from big symmetrical triangle looks as good long here FT =5800/5900 area by ALSITRADER5
Flash note: Telkom - Triple Breakaccording to our Unum Trading Desk analyst, Lester Davids, "TKG is making a triple break: the 50dma, 200dma and nearly through the downward trend line. "Longby MarkWeetman2