TGA.JSE Thungela Trend Cloud & FIB Study.

Since it's last Earning Report - Thungela has shown a remarkable recover of it's Share Price.

I've plotted the Fibonacci Levels to see where we could encounter possible Resistance.

As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.

Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.

Regards Graham.

PV=FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.

Comment:

Retrace to FIB 0.7 or 0.6 seen.
This should be Healthy.