Since it's last Earning Report - Thungela has shown a remarkable recover of it's Share Price.
I've plotted the Fibonacci Levels to see where we could encounter possible Resistance.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
PV=FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.
I've plotted the Fibonacci Levels to see where we could encounter possible Resistance.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
PV=FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.
Note
Retrace to FIB 0.7 or 0.6 seen.This should be Healthy.
Note
Retrace to 0.32 Fib or Lower. Many factors including Political Uncertainty.
I would wait till then to see when to Re-Enter.
Note
Early Days, however the Cycle seems to be Reversing IMO.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.