Lester_Davids

Tsogo Sun Gaming - Pending Long On Trigger Levels

Long
JSE:TSG   TSOGO SUN GAMING LTD
Tsogo Sun Gaming | Double breaks of key levels can often serve as significant long or short signals. In this case, TSG trades just below it's pivot level and 50-day exponential moving average . We also note the price having been in a moderate downward trend over a 7-week period similar to mid=April to late May and mid-June to early August. The trigger for a long would be a large green igniting candle above 370c, preferably accompanied with elevated volume . Provisional levels: Buy on a daily close above 370c, using a stop-loss of 325c and target of 485c.

Comments

@Lester_Davids seeing large volume moves but I am not convinced it can reach the 485c target. Do you think it has the legs?
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agreed
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