More downside for BHP Billiton, Telkom
WITH STOCK MARKETS worldwide getting hammered, we look at a commodity that affects the prices of a number of large mining stocks on the JSE, namely copper. We also look at the chart of an unrelated stock Telkom (unrelated – apart from cable-theft, that is). Telkom has broken below important support levels and is pointing to a lower share price to come. Meanwhile, more downside in copper is expected, which typically points to more weakness in BHP Billiton (the JSE’s largest stock). Short term, at least.
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