JSE's Thungela Resources preparing to launch its rockets?
JSETGA faced a beatdown since December 2022 after reaching the peak of its right shoulder to complete the Head & Shoulders price pattern. Considering the latest price action, we can see price hanging around bearishly around the support at R125.00
With Interim Earnings & Revenue data coming out on 21st August 2023, price is forecasted to break this support and retest the R94.00 ~ R102.50 levels, completing a mini falling wedge pattern as a reversal signal to bounce back to R200.00 to close the market gap, and eventually further up to R370.00 to close the other gap.
With Interim Earnings & Revenue data coming out on 21st August 2023, price is forecasted to break this support and retest the R94.00 ~ R102.50 levels, completing a mini falling wedge pattern as a reversal signal to bounce back to R200.00 to close the market gap, and eventually further up to R370.00 to close the other gap.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.