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Writer's pictureLester Davids

Unum Clients Caught The Coal Stocks

Monday, 07 October 2024

Time Published: Pre-Market

Share Name: Thungela Resources (TGA), Exxaro Resources (EXX)


  • From a suggested entry of 10692 (time of alert), the share reached a high of 12267.

  • To become a client, email- lester@unum.co.za



Exxaro Resources (EXX)


 

Previous Post: 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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