Friday 08 November 2024
Time Published: Pre-Market
Share: Thungela Resources
Ticker: TGA
In the short to medium term, the share has given clients of Unum Capital phenomenal opportunities to generate cash flow.
From the initial idea at 10697c, the share rallied to above R125 before retracing and finding support at the rising 21-day EMA which was followed by a further rally to above R135
Well done to clients who took advantage of the opportunity to trade.
Thursday 24 October 2024
Time Published: 10h22
For active traders, the bullish reversal, advance and subsequent retracement for a re-entry provided opportunities to generate strong cash flow
Strong Rebound Off The 21-D EMA
As of 10h27, the model reads as follows:
Previous Post
Friday, 04 October
Time Published: 09h20
Ticker: TGA
Bank / Take Profit; Full Target Reached
Previous Post: Wednesday, 02 October 2024
Published: Pre-Market
Share Name: Thungela Resources
Ticker: TGA
The share is in the money by just over 600c, having reached a 3-week high of R113 during yesterday's session.
Previous Post (Potential Short Term Bullish Reversal)
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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