This is currently 776!!! jeez, I thought it was good RNS!!!

The rns is actually OK but markets are forward looking so maybe they pricing in other factors.
I am buying more when it goes under £8 this is an investment for this year at least, second div in October as well - cold weather also higher coal prices.

TGA down to 819 p, after RNS

The Thungela board of directors approved the declaration of a final gross ordinary cash dividend of 4,000.00 cents per share (South African rand). The dividend has been declared from retained earnings accrued during the year ended 31 December 2022. The Company's issued share capital at the declaration date is 140,492,585 ordinary shares.

Yes Paitech bought some yesterday not at the price I wanted to or any technical level, I already hold a few at higher prices but will keep till I've got both divis out of it now.

TGA 846 now nja ....
Do you still plan to buy this?

Rns out

Hey,
I dont hold it too long for divi actually
I have a target of making 200-300£, I get out..
so technially, GLEN was perfect buy around 485-88, then out as soon as I see 515-520 , eventhough it went up 530...

I use divi drive to buy low and sell early...
Yes, I noticed , coal power has gone down heavily

TF is my super hero always ... I love his charts and thoughts .... always the best

just a reminder paitech glen not paying divi till may i actually had it in my head as going ex-div end of march, so lucky to have not acted on that. Also coal prices are heading south this affects TGA,GLEN big time regardless of what charts say. Trendfriend did say TGA could be heading alot lower though.

I only play with a few shares , gone are the days when I'd buy from brokers recommendations do the opposite of what they say and you can't go wrong.
Glencore, AAL ,ANTO, BARC, GKP, LLOY, TGA. I find you can hold and trade them quite well apart from thungela.
Obviously P you can't go wrong with Glenda.

what other shares you have in your list NJA?
I was tempted to buy GLEN at 485p, last week just to get in for divi.
Now its at 530p!! doh lol

i missed out as well it didn't hit 850 so i waited , i guess it won't go that low till after results/divi announcement now.

This TGA is back at 1002 today!!!

I normally confident of my buys, but I am not sure for some reason after I read your post, kind of something happened and I pressed sell button
Hopefully I will get another lower entry price
Keep posting TF
Best G

Never listen to me! shows what i know!

Still think this is going down....Only a close and hold above 1004p (20 day ema line) would that view change.

All 3 ema lines are pointing down...and the whole setup is currently bearish imho..

lets see..
atb, wdik, dyor,
trendfriend

went upto almost 940p

925p now !!! lol

Ha ha ha now its at 905p!!!,
I really got panicked yesterday!!! lol, nevermind

Thanks you TF.

I got really scared with the message, so I have sold it now at 874p, with a loss. ..

Thanks for the heads up, maybe will look into it when it gets to 720 region...

Ta
G

tga - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...UaavbTdT98M4xeBus%3D

support /resistance levels.
1060p
890p
719p price support and main trendline.
500p
269p

The really strong support was the pivot level at 1060p area. Which has clearly been breached so there's no technical reason for buying this stock. If you guys have fundamentals to back buying then fair enough and good luck.
For me...i always prefer to respect what the chart is saying and the chart is saying below 1060p the selling could really intensify.
All the supports below 1060 are pretty minor and it wouldn't be a big shock to see this drop to the very lows numbers listed above...

Buying and adding to a falling stock is never the ideal way to trade imho...
Much better to buy and add into strength so you would be on the right side of momentum going higher...

good luck guys whatever way you see this..
atb, wdik,dyor,
trendfriend

720p is my bottoming out target could be wrong, I didn't buy any yesterday as couldn't get to PC but buying if it touches 850 again today. There are so many stocks out there right now looking cheap one more leg down though I think then gonna load up/top up on a few.

HI TF,
what is your H&S target for this.
Bought some at 894, just now. now fingers crossed.

Ta G

HI No I havent bought it yet,
THinking of buying but it keeps falling. 895p as I type this... 50p down..
Uless there is some bad news in store?

Paitech did you get in I'm going to buy 2/3 now then if bit more if goes sub 8.

Are you guys still thinking this will go sub 900?
I saw it break below 1000p, to 950p.
If warmer weather would gey it down, I am waiting to buy..with that much divi.
What's others doing? Buying already?
Thanks G

Yeah twice a year and they promise to give profits back to share holders. If coal prices are down now they will rise again towards the colder months.

All
Just reading bit more
TGA is pure coal play
Plus heard they have huge dividend, like 300p+?

For real?

Plus death cross is looming on the share

Adding my charts too..

There has been some good recommendation today for this share with target of 1800p.


t added that the sudden change in coal pricing serves as a reminder of the unpredictability of the commodity market and the importance of monitoring trends closely. Investors and market participants should take note of the current pricing trends and adjust their portfolios accordingly.

Despite the challenges, the coal market offers many opportunities for those who understand its dynamics and can navigate the risks, Liberum said.

For those looking for equity exposure in the thermal coal market, Liberum suggests Glencore PLC (LSE:GLEN) (buy, target price 685p) and Thungela Resources Ltd (buy, target price 1895p).

I'm sitting on the fence right now, think if it doesn't hold 10 then will drop fast.
At the same time might just grab a few looking at chart doesn't say mu6unless it breaks either way.

I'm trying this at the moment. Thanks for the heads up

Thungela - daily chart
uk.advfn.com/p.php?pid=chartscreenshotsh...Du+q+VskLXzXS04dAoQ=

Could be H&S top formation completed here...watch the 1060p area...allow some wiggle room...so say 1000p
A weekly close below that level should be confirmation of the h&s top and the price action could well see a stronger sell off after a fab long term rally here..

That 1060p is a strong pivot and some indicators are showing signs of a turnaround...
For confirmation look for a rally and break above the falling overhead resistance trendline.

hope that helps...will take a look at barclays at the weekend..

atb, wdik, dyor,
trendfriend