Telkom Analysis
Telkom has brought a strong showing this month, up almost 31% in November.
The price peaked at R37 before and if we reach this again there is a good possibility we might see a dip here. Possibly from retail investors seeing this as a drop of point. Since the recent rally we saw earlier(and subsequent dip), Telkom has shown a strong recovery and possibly wont be going below R22 any time soon. Unless something really bad happens of course.
Personally this is still a stock i’m not considering having in my portfolio.
The price peaked at R37 before and if we reach this again there is a good possibility we might see a dip here. Possibly from retail investors seeing this as a drop of point. Since the recent rally we saw earlier(and subsequent dip), Telkom has shown a strong recovery and possibly wont be going below R22 any time soon. Unless something really bad happens of course.
Personally this is still a stock i’m not considering having in my portfolio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.