Thungela - TGA

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

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

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

925p now !!! lol

went upto almost 940p

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