Large H&S cine May 2022 This is one of those medium investment trades, that you need to hold for a LONG period of time. Luckily with CFDs, when you short stocks you gain interest, so it doesn't matter how long you hold. The longer the better. Any way, the price broke below 200 >21> 7 - Bearish (Red) RSI <50 Red Target remains at R88.70
Thungela Resources Limited shareholders are advised that JPMorgan Chase & Co. has notified the Company that accounts under its management have increased its holding in the Company such that JPMorgan Chase & Co. now holds 6.95% of the issued ordinary shares in the Company.
TGA has had a brutal drop from its all time and people want to know where the bottom is. I have the following to say The trend is still going down, so expect a temporary relief before going further down. I Expect it bottom out at the March 2022 low, Now why do i have this as a long, I'm going to start dollar cost averaging into the stock, once its starts...
This chart shows (my) JSE:TGA levels of interest, the price won't necessarily follow any of these anticipated moves. The stock has to remain above R154 otherwise R120 becomes a possibility. It's a question of where are there any buyers that are willing to buy the shares at these levels and push the price up. Currently, the stock is trading below declining MAs,...
TGA has rallied +20% off its recent swing low with a couple days of 'spinning top' candles. Its up against the down sloping 50dma and a resistance trendline. Will be interesting to see if it breaks here to the 200dma or fades...
Large H&S sine May 2022 It broke down and has been on a trajectory path downside. Indicators are still bearish 200 >21> 7 - Bearish (Red) RSI <50 Red Target R88.70 SMC: We know the overall trend is down. There has been a BOS (Break of Structure) twice. And now with the big candle there is a testing zone to see if there is buying or demand. Once we get a break...
TGA is currently trading down almost 10% today. Stock is testing the bottom of the range (blue TL) and it looks like a good area for a long position with an upside target of around 210. Stop loss on a close below 165.
As expected, JSE:TGA came with great results. >100% revenue and profit increases, and a fat dividend of R40/share. Great. The share price is testing the previously anticipated low of near R177/share; the share price has been moving downwards since the last dividend declaration. Hopefully buyers will step in at current levels, especially dividend hunters. It...
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.
Large H&S since May 2022 formed which gave a Medium term trade. Since it broke down, I know it would take a longer period for the price to drop due to the size of the formation. Remember, companies will try everything in their power to keep the price up and without a strong negative catalyst, the formation will either play out or forma another pattern in the...
Thungela has been a darling since listing, driven by the energy crisis that saw a sharp increase in coal prices. I have overlayed the Newcastle coal futures to illustrate the relationship/correlation between Thungela and the futures coal prices. From a technical perspective, the Elliott Wave Principle provides us a road map of what we can anticipate. From the low...
JSE:TGA is now trading below R200/share. Technically, R175 is a possibility. No position.
Hopefully JSE:TGA it does't close below this level otherwise R175 becomes a possibility.
The price of Thungela (JSE) has been in rejection of the 21528 price level. This level has demonstrated to be a support level as the price bounced off multiple times. The current price rejection is a pin bar candlestick on the support level. Price is currently in a descending channel which is a pattern for a reversal in a downtrend, upon the market making a higher...
on Friday 14th september 2022, we see the stock reject from price 38249, which it then forms a falling wedge pattern. on Wednesday 23rd of novermber, the stock breaks the pattern to the upside and we get a demand zone which has been re-tested at a 50% level. the stock continues to go up. the stock is rejected at the 32555 resistance level in which it starts to...
TGA has had a deep pullback after paying out a size dividend and declining together with coal prices. In the short term , R231 needs to be gained for bulls to stage a comeback.
If this Head and shoulders pattern plays out, the theory says it goes to R95.00. While it could happen, I don't see a drop of that magnitude. But let's be honest, this share got way too high, way too quickly. So now it's time for a little bit of pain. The scenario I predict is rather, TGA breaks the neckline of that H&S pattern but does not drop to the extent...
Thungela has formed a Large H&S cine May 2022 The price has broken below the neckline and seems to be dropping further. 200 >21> 7 - Bearish (Red) RSI <50 Red and has formed a Bearish divergence. However, the price is coming down with the RSI which confirms a bear market. Target R88.70 General info. Thungela Resources Ltd (formed in 2020 in JHB as a spin off...