Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK): Price Now Near $23.71; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for TLK

At the moment, TLK (Get Ratings)’s price is down $-0.15 (-0.63%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

TLK ranks 9th in terms of today’s price percentage change out of Communication stocks.

TLK’s Technical Outlook on the Daily Chart

At the moment, TLK’s price is up $0.48 (2.07%) from the day prior. TLK has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows TLK’s price action over the past 90 days.

TLK

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