Thungela - TGA

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

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

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.

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).

Plus death cross is looming on the share

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

For real?