Inv Cup & Handle formed on Telkom. We then had a break down and the market has been coming down ever since. 200>21 >7 - Bearish RSI<50 The first target was at R28.63. But the market gapped and opened at R26.00. This means the price got out at a better price for the short. The bias is still bearish and we can expect further downside. I'll let you know in due course.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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