TradingView
LD_Perspectives
Oct 4, 2020 2:46 PM

Tsogo Sun Gaming - Pending Long On Trigger Levels Long

TSOGO SUN LIMITEDJSE

Description

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
GOVENDLO
Thanks for your analysis, where do you see the resistance and share price in the next couple of weeks.
DirtyHarold
@Lester_Davids seeing large volume moves but I am not convinced it can reach the 485c target. Do you think it has the legs?
Mashithembe
agreed
More