Thursday, 26 September 2024
Published: Pre-Market (07h22)
Share Name: Thungela Resources
Ticker: TGA
Stable price action / improving candles structure
Support at prior swing lows
Positive open to close during yesterday's trading session
Above-average volume, suggesting an increase in buying interest
Positive divergence as per the 7 and 14-day Relative Strength Index
The share closed at 10692c, however, hold above 10550c is key to maintaining an ultra short term bullish thesis.
Setup invalidated below 10220c
Potential upside targets: 11420c; 11700c
Last close: 10692c
Daily Chart, With Levels + Volume
Daily Chart, With 7 & 14 RSI highlighting the bullish divergence
Model Reading via the Tactical Trading Guide
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