I remember when someone told me in 2000, if you have telkom shares now is the time to sell them.
I had none - but the timing would have been perfect!!!
Anyway, I was surprised when I saw that market capitalization is still about 76 Mrd.
On top the chart shows a nice breakout above the short term down trend and generated a long sinal which pushed telekom already...
The chart tells the story quite accurate. We are within a textbook longterm uptrend.
The market has been consolidating for about a year, creating a big range, that is in my opinion currently coming to an end and providing us with a beautiful buy opportunity.
In recent weeks the market formed the right shoulder of this inverted S-H-S pattern and it led to an...
Short DTE as it moves up into an overhead resistance zone. Retest of previous lows is the basis. A previous swing high is used as the hiding place for the stop. If filled, use the ladder to trail stops.
