TELKOM SA SOC LTD

Telkom Analysis

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Telkom continues with a gradual increase towards the R35 resistance, showing a good recovery after the dip to R29. Still within the uptrend support line. It will be fair to expect major struggles around the R35 resistance as we have seen this before and perhaps we can consider drawing a triangle approach towards this price point. R37 is still the ultimate price to beat in the short term.

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