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$JSETKG - Telkom: March 2020 Lows In Sight

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JSE:TKG   TELKOM SA SOC LTD
Telkom has been all about wild swings since listing in 2003.
The stock had a decent recovery from the March 2020 lows of 1329 but now the stock seems set to erase all the gains.
Telkom released a trading statement for FY'23 yesterday and the market clearly does not like it.

The strategy is simple, short the rallies towards 1329-1134.

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