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TGA
Ideas

THUNGELA RESOURCES LTD

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TGA trade ideas

TGA: mean reversion trade A price action above 27600 supports a bullish trend direction. Crossing below this level will negate the bullish stance. Further bullish trend confirmation above 28800. Consolidation price range from 28400 to 30100. Crossing above the 30100 resistance might support the price action to reach 32600. Crossing below the 28400 support might be the first sign of pending weakness. Linear regression channel pattern support a bullish trend direction. See the upward tilt.

Long

by Peet_Serfontein

TGA Long breakout TGA Resources W trade pattern has confirmed the breakout on the daily charts global energy shortages and the war in Ukraine has escalated inflation to levels not seen in 40 Years the unprecedented stimulus injection by the US has yet to reach the economy the first African nation to abolish using USD to pay for oil adopting the CEDI currency to be backed by Gold and so the next bull cycle in Gold starts?????

Long

by surecanweight

Updated

TGA falling wedge breakout TGA has broken out of its medium term falling wedge and is trading back above its support level of R270.00

Long

by T2TWELL

Thugela Resources Horizontal and incline support levels lost; now up to the 200dma to keep the uptrend intact. Should we lose it, 185 could be next!

by Innocentmaponde

Thungela Resources JSE:TGA is back at the recent dividend announcement level. The stock is still trading above the 200MA & it's at an area of value. Will there be buyers at this level, and the impact of NYMEX:MFF1! prices?

by Trend_Trader_JSE

TGA daily chart update TGA is the strongest stock on the JSE by far for 2022, right now its trading around the R270 support which was resistance that became support during august 2022. If R270,00 does not hold, next level of major support comes in at R215.00

by T2TWELL

GLN: some complex correction?It seems like a complex correction is busy unfolding. However, this might give an opportunity for a good entry into the share. Targets 34200 and 38200. Stop-loss at 23800. A price entry close to 25800 seems ideal. Bullish divergence notable.

Long

by Peet_Serfontein

TGA Long Trade signaled W Trade Pattern forming TGA Long Trade possible double bottom signaled and change to uptrend confirming with the W trade pattern forming with have confirmation of Trend when the neck line resistance is bridged

Long

by surecanweight

Updated

Thungela Resources ( $TGA )Thungela Resources ( $TGA ) This stock has been flying, so I think a cool down period can be expected. It's fighting to stay above support (R250-R280) - really needs to hold here, because if not, there is some downside pain to be expected. Those that missed the bus the first time, will most likely get another opportunity to buy again at lower levels. Patience is key. First nibble at R213, then the next big bite will come at R170-R180

by TalkingCents

TGA Thungela Resources: Volatility Equals Opportunity. As mentioned on Thursday evening: "Tomorrow we may see a slight overshoot on the upside before the share retraces (short term view)." Further Update. On Friday, we saw the share trading higher (intraday high of 31604c) before retracing to close the week at 29844c (a -1760c or -5.5% intraday reversal from high to low). While the short term movements in share prices may appear random, there are money-making opportunities for those are come prepared and are willing to adapt and adjust in real-time. My belief is as follows: The best thing to do is 'have a plan' while the worst thing to do is to stick to that plan 'no matter what'. You may ask, why is sticking to your plan 'the worst thing'? The key words there are 'no matter what'. Because, no-one knows what is going to happen. When the company or macro news-flow changes, you have to change! When the price action changes, you have to change! To re-iterate, have a bullish plan, have a bearish plan, but be willing to adjust in real-time. All the best for the week ahead.

by techpers

Thugela Resources Horizontal and incline/trendline at risk of being breached on the daily chart. Should we lose that, next support comes in the form of the 200dma, followed by the 180-185 level.

by Innocentmaponde

Thungela Resources approaching an area of value JSE:TGA is approaching an area of value. The 200 MA is near R240/share, in case there's no support at this potential support level.

by Trend_Trader_JSE

Thungela In Time for a Reversal Price has been in a downtrend but now approaching conditions for confirming trend reversal to the upside. When a swing low is confirmed, I expect price to move upwards & close the gap and breach the trendline. That would be an area to take profit +20% as this will be a relief rally after which we will assess the strength of resistance to push price downwards.

Long

by runyamhere

THUNGELA RESOURCES - 454% YTD Thungela has clocked up an eye watering +454% year to date . Note: Its last day to trade if you want to receive the dividend.

by Trader-Dan

Thugela Resources-Update This one got to 1 cent shy of my TP target of 360 before reversing lower. All the same, I called it! Original idea below.

by Innocentmaponde

Thungela new ATH Following the breakout & retest of the trend line, JSE:TGA has broke above the resistance level and printed a new all time high. I have a position.

Long

by Trend_Trader_JSE

TGA descending Triangle breakup TGA broke up above a descending triangle pattern, this opens up targets to R318.00

by T2TWELL

Thugela Resources Another breakout on Thungela? Looks like it. I'm calling it a buy for a move to 360!

Long

by Innocentmaponde

Strong looking chart on Thungela Resources Keeping a close eye on this one. Looks to be putting in a nice tight flag pattern Will definitely be buying on a strong breakout with high volume

Long

by Gary_Nomad

TGA Small Trading Range Broken TGA seems to be breaking out to the downside of the small trading range it has been trading in since early May. My short target is around 18600. This is however against the longer term trend.

Short

by TraderT1307

Updated

THUNGELA Resources - The stock has had a heavy sell off after losing the 20 day moving average which it was holding onto since the 24th of May - It will be a bit risky to chase the downside momentum here (unless you keep a tight stop) so I will be looking for any pullbacks to short towards a first target level of R175 . The bear case is in play while price remains under the R242 level (Daily close) -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Short

by Trader-Dan

AG Capital -Storm trading Morning Call 10 May 2022 We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.

02:56

by Mike_Ledwidge

TGA Long TGA looking to breakout above 260 or does it break down to just below 200.

Long

by ajitmaharaj

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