MarketMeistersTrading

THUNGELA RESOURCES LTD - SHORT C&H

Short
JSE:TGA   THUNGELA RESOURCES LTD
TGA - Cup and Handle has formed on the daily chart . Waiting on a break below the support.
The pattern is showing a slight correction before further downside.

We need to wait for the official breakdown below support.

Target 1 @ 212
Target 2 @ 180

Note - further confirmation for support to the downside can be seen on Weekly chart which shows a large H&S pattern forming.
Comment:
Target 2 @180 hit

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