Timonrosso

Inv C and H on Telkom and strong downside to come to R28 - SMC

Short
JSE:TKG   TELKOM SA SOC LTD
Inv Cup & Handle formed and broke below the brim level.
200>21 >7 - Bearish
RSI<50
Target R28.63
Bearish bias

We had a BOS up twice before, we had a Change of Character. This means, we go our trend reversal on the bigger time frame, showing downside to come.
This works with the INv Cup and Handle
and because the Daily Bias on the JSE is bearish all confirms strong probability of downside.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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