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.