I am not a great Elliott wave practitioner but couldn't help noticing an almost perfect 5 wave move down on the weekly chart. The rebound could therefore be an abc retrace. 50% retrace= +/- 2550. Short term therefore, as you say,could be great, longer term might be a different story as fundamentals also seem a bit shaky.
I see they are now charging 29c on their mobile ,which they say is in the sams vein as Cell C 99c.Surely this is a loss making venture?...they are trying to attract customers or perhaps they know the government will bail them out if they get it wrong again!
i agree, good EW pattern, but i think the current wave is wave 4 and wave 5 down to follow...the stochastic is overbought, so means TKG is now at end of wave 4(weekly chart)...summary...going down wave 5 in weeks to follow
It is coming off a very overbought position. I can see it coming back to test the neckline,which pretty much coincides with the main support line of its uptrend.It might drop as far as 1820.In my view it should be bought if it drops near this level.Interestingly,I see one of the directors has just bought at 1914.