Become a premium client and receive trade insights on shares you like to trade.
As part of the premium service you will receive daily insights on the shares you trade from your Premium Client Manager.
Trade Insights
Trade insight example
Telkom SA SOC Ltd
21 October 2014
On the 13th October we put out a short on Telkom based on the double top pattern that was forming on the daily chart with that noticeable “M” formation. We have seen a significant downward move and the share price has hit the support line.
A break of this support (5035c) should occur with an increase in volume and/or an accelerated descent. This broken support becomes potential resistance and there is sometimes a test of this newfound resistance level with a reaction rally. Important to wait for a clear break below this support before entering otherwise this could be setting up for the possibility of a trend reversal. To project a price target one measures the distance from support break to the peak which can be subtracted from the support break for a price target.
Telkom plans to shut unprofitable stores in the country to accelerate a cost-saving plan, its management announced last week. Telkom has about 1 500 stores, of which 50% are losing money. The group sent retrenchment notices to 105 employees and 676 employees have been placed in alternative positions while 302 employees took voluntary packages. Labour union Solidarity has declared a dispute with Telkom over retrenchment notices sent to employees (representing 16 of the 105 workers who have received retrenchment notices) and threatening to approach the Labour Courts. - Travis Robson, Head of Premium Client Management
Telkom Ltd, 20/10/2014
Telkom Ltd, 13/10/2014
Open an account now
IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. Whilst IG is a regulated FSP (number 41393), CFDs with IG are not regulated by the FAIS Act and IG does not provide advisory or intermediary services.
Help and support
Get answers about your account or our services.
Call 010 500 8626
Or ask about opening an account on 010 500 8624 or newaccounts.za@ig.com.
We're here 24hrs a day from 9am Saturday to 11pm Friday.
Contact us
Interested in opening an account?
Contact 010 500 8624 or
Want to check on your application's progress? Email
Clients: Help and support
