GT247.com Trading Blog

Long trade for Telkom

Written by Odwa Magwentshu | 26 Jan 2018

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.

 

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

 

GT247.com: +27 87 940 6101

IT support & help desk: +27 87 940 6107

Client relations (new accounts): +27 87 940 6106

Sales: +27 87 940 6108