TKG - TELKOM - The squeeze within the squeeze (>3 : 1)

Telkom looks to be setting up a descending triangle with a price target that if met would trigger a symmetrical triangle currently 7 months in the making.

Commento:

The R30 support level proving to be fairly strong with a decent bounce the last two days.

Commento:

Trade entered last week with a first price target of R38.40, full pattern target of R56.00. Stop loss below R28.50.

Trade attivo:

First target of 38.40 met back on the 8th of Feb. TKG looking good for the next leg up to the second target of R56.00.