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Long trade for Telkom

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Odwa Magwentshu
Long Trade Telkom

Trade summary: Long TKG

Entry:                5000c

Stop Loss:         4500c

Target price:     6000c

The share price has been under pressure since the end of May 2017 and has been in a downward channel and has recently broken out of it. The share price has been consolidating from November but now the momentum has shifted. The entry for the trade is at 5000c, which it confirmed after yesterdays closing price. The target price is at 6000c with a stop loss at 4500c.

 


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