TGA.JSE Thungela Trend Cloud & FIB Study.

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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.

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Regards Graham.

PV=FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.
Nota
Retrace to FIB 0.7 or 0.6 seen.
This should be Healthy.
Nota
Retrace to 0.32 Fib or Lower.
Many factors including Political Uncertainty.
I would wait till then to see when to Re-Enter.
Nota
Early Days, however the Cycle seems to be Reversing IMO.
Chart PatternsTechnical IndicatorsTrend Analysis

Declinazione di responsabilità