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Online Share Trading

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What is causing the drop in TKG?

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Brainware
Frequent Contributor
I looked at news - nothing anywhere except that the government is NOT selling their shares But it seems like dumping by someone Where can one see who is selling?
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8 REPLIES 8
D4
Occasional Visitor
Agree - can't see an obvious reason, but it is making me edgy...
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SimonPB
Valued Contributor
i just sellers .. some days they win some days the buyers win .. mostly buyers been winning lately ..
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Vypir
Contributor
I agree, look at the volumes: not very high so no big sell-offs - It is a knee jerk reaction. Everyone has always been edgy about Telkom so the knee jerk is a bit more drastic than usual. I for one am buying a little as it goes down... not too much though: I might be wrong :-)
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Brainware
Frequent Contributor
Yip Im looking to buy but have it does not seem to settle It just goes down, and it then it goes down He he Is there a place where one can see who is selling?
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Russ
Super Contributor
I can't access my charts. Can someone tell me where the support line (of the uptrend) comes in if you look at the last 6 months? Has this been broken? Thanks
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Brainware
Frequent Contributor
It has just broken the Daily 50 Sma to the downside @ 73.44 It has broken the 78.78; 74.95 horisontal lines already Next horisontal support is at about 70.82 Im not sure if you are referring to the 21Oct - 26 Jan to now support line - just broken below that as well
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Russ
Super Contributor
Thanks Brainware.Probably just overshot the mark intraday. I am holding out for R100.
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smdInv
Occasional Visitor
Maybe its the labour court's ruling that Telkom is not allowed to retrench? Seems a drastic reaction but no retrenchments means higher cost structures than Telkom is aiming for. http://ewn.co.za/2015/07/09/Telkom-says-Labour-Court-decision-is-immaterial
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