TGA.JSE Thungela Trend Cloud & FIB Study.
Updated
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.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
PV=FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.
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.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
PV=FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.
Note
Retrace to FIB 0.7 or 0.6 seen.This should be Healthy.
Note
Retrace to 0.32 Fib or Lower. Many factors including Political Uncertainty.
I would wait till then to see when to Re-Enter.
Note
Early Days, however the Cycle seems to be Reversing IMO.
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