In May it is a year since they tasted the honeys of the gods, unfortunately it was a pleasure that lasted only one day because they have remained in a declining trend that brought them here. However everything makes it seem like this is about to end, the next area of strong support is reinforced as a confirmed monthly support. It is important to take into account...
However there are signs of a bottom. It may be temporary only but a correction may be traded as well.
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.