Been looking for Long TKG entry, but its looking bearish after its trading update last week. Thought 79ish would be good entry but it is sailing past without much fanfare. Retrace down to 71/72 level? Anyone got any thoughts on this?
Lots of divergence on this share. My advice would be to leave it alone for another couple of days or more. My downtrend indicator has not broken to the upside. So more sideways or down movement expected. 7/10 indicators show bearish, only 3 long term indicators show Bullish.
I would only go long when other indicators change.
We could see a small upside tomorrow, as it has hit a short term support level.