Thungela Resources
Thungela Resources. I will build into it for a trade.
In the short-term, it could fall to R108,00, but I'm expecting it to return 20%-40% over the next 6 months.
It looks to me, and I'm no professional, that it made a double bottom at a previous resistance turned support. If it does fall in the short-term, again, just my guess, it looks to me that it could create an inverse head and shoulders pattern, indicating that upside returns could materialize.
Exit at R170 -R175
Cut losses at R97
In the short-term, it could fall to R108,00, but I'm expecting it to return 20%-40% over the next 6 months.
It looks to me, and I'm no professional, that it made a double bottom at a previous resistance turned support. If it does fall in the short-term, again, just my guess, it looks to me that it could create an inverse head and shoulders pattern, indicating that upside returns could materialize.
Exit at R170 -R175
Cut losses at R97
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.