Thungela - TGA

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.