JSE:TKG Trading Range FormedTelkom has been in a strong uptrend but after a buying climax (BC) on high volume and automatic reaction (AR) we have set the bounds for a trading range (TR). As it develops further we will be able to see if it a re-accumulation or distribution. by SteynTrade5
Trading Plan For Telkom The share price of Telkom has breached the neckline of large head and shoulder technical formation. Typically, a break is followed by a re-test of the neckline or breakdown level and/or major moving average such as a the EMA20 and SMA50. At current levels, the price is finding support on it's 200-day moving average and may be a worth buy for a short term rebound. During yesterday's session we saw the RSI hit a very oversold level of 23 while this morning, along with a slightly firmer price, the RSI is attempting a move out of oversold levels with a print of 29 in early trade. Taking a short term view and at a price of 7740c, the share may be worth a buy. This is what traders could look to do: Buy TKG at 7740 (or better) Should we see the price go against us, use a stop-loss of 75.10 Take Profit at or close to 8180cLongby LD_Perspectives226
South African Telecomms pairNew +TKG / - MTN pair at 0.7554 with a target of 0.825 (TP1) and 0.92 (TP2)by MarkWeetman6
TKG shortTelkom is starting to develop a downtrend,currently price is oversold,we anticipate price to retrace to resistance before its next downleg.Shortby momoparuk5
$JSETKG Break lower on the hourly targets R79.75$JSETKG Break lower on the hourly targets R79.75Shortby gillybloreUpdated 117
TKG shortTKG after prominent H&S telkom has been stuck in TR close below resistance completed wait for confirmation of downtrend continuation Shortby surecanweight5
TKG - time to buy again?TKG remains in the third-best sector based on rotational analysis. “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” William O’Neil. Improving technical scoring according to our proprietary scoring methodology, supporting a bullish bias. A conflux of technical indicators supporting a bullish bias: Crossing above its 8-day simple moving average Bullish MACD crossover. Sideways OBV supports the fact that money remains in the share. Remains above its 200-day simple moving average. Three Inside Up Japanese candlestick. Time to exit: +- 2 September 2019Longby Peet_SerfonteinUpdated 114
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