top of page

Thungela Resources: Improving Candle Structure + In With Model Reading

Writer: Lester DavidsLester Davids

Updated: 8 hours ago

Trade JSE Shares with Unum Capital.

To get started, email lester@unum.co.za


Current Price Action Model Reading:



Moving in line with the 2x model readings + previous note (scroll down to view).

  • Dip (further decline) before a rebound, and

  • Reward-to-risk becoming attractive for a small buy/long position.



Most recently, the price action model warning traders against not chasing as their was a potential for failure to hold it's highs!


 

Previous Post (Thursday 20 February)

Trading Thungela Resources: Model Reading + Levels To Note

Levels To Note:

  • 61.8% Fibonacci Retracement

  • Previous support / swing lows.



Previous Post: Trading Thungela: Generating Cash Through Price Volatility


TGA's volatility has been a gift for active traders. Our research (manual and automated) has identified 4x opportunities to take advantage of both bullish (buy) and bearish (sell) trades.


Are you capitalizing on the opportunities at hand? As always, all readings are time-stamped.


2x Manual / Notes Published (Long/Short)



Rebound in line with model reading:



Retracing in line with model reading:


Lester Davids

Analyst: Unum Capital

Sunday 09-Feb-2025

Comments


bottom of page