Telkom Analysis

Telkom continues to look positive and seems it might be able to peak at R37 resistance again the coming week. But to get there we will first have to comfortably surpass the R35 resistance which is where we are currently sitting. The new rating downgrade my have a negative impact on the stock market which could possibly cause a pull back on the Telkom stock price. Right now we wait for Monday open to harvest more information on the stock market trends for the day which could possibly give us a guideline on how the week may go.