Telkom Analysis

We have finally managed to comfortably break and go beyond the minor R 28 resistance and currently stable at R 31.12. Again it seems the price will move depending on market sentiment in the coming week but for now looking positive with only a cause for concern should we reach the R 22 mark which seems quite far off at this point. The main hurdle right now is to break beyond R32.and hopefully we can peak at R 37 again some time in the far or near future. Buy end of November we should have a clearer picture R37 will be a possibility.