Telkom - Failing at Resistance With A Bearish Engulfing Candle

Failing at Resistance With A Bearish Engulfing Candle: The second one in just over a week. Telecom shares under pressure.

Upward trend line yet to be broken however do we always wait for a break if fundamental evidence emerges and the technical start to show evidence of weakness? No.

This one appears to be under some selling pressure and may just tick a lower over the short term.