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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