Peet_Serfontein

TKG - time to buy again?

Long
Peet_Serfontein Mis à jour   
JSE:TKG   TELKOM SA SOC LTD
TKG remains in the third-best sector based on rotational analysis. “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” William O’Neil.
Improving technical scoring according to our proprietary scoring methodology, supporting a bullish bias.
A conflux of technical indicators supporting a bullish bias:
Crossing above its 8-day simple moving average
Bullish MACD crossover.
Sideways OBV supports the fact that money remains in the share.
Remains above its 200-day simple moving average.
Three Inside Up Japanese candlestick.
Time to exit: +- 2 September 2019
Trade fermée: ordre d’arrêt atteint

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