Telkom Ltd (TKG, 3306c) | We identify with the share as being positive on both a short and medium term basis. Short Term: A review of the daily chart notes the share looking to emerge from a short term consolidation range which has developed just above it's 200-day simple moving average while a break of the the downward trend line extending back to the 20-November peak would trigger a breakout. We realize that it's possible for a few more trading sessions of consolidation and on that basis a buying range of 3235c to 3315c is applicable, using a stop-loss of 2980c with upside targets of 3590 to 3750c.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.