Evedence

A potential long position for TGA stock for long term

شراء
Evedence تم تحديثه   
JSE:TGA   THUNGELA RESOURCES LTD
on Friday 14th september 2022, we see the stock reject from price 38249, which it then forms a falling wedge pattern. on Wednesday 23rd of novermber, the stock breaks the pattern to the upside and we get a demand zone which has been re-tested at a 50% level. the stock continues to go up. the stock is rejected at the 32555 resistance level in which it starts to form a retracement pattern which is a potential bull flag. On 14 November until the 1 December, Price made an impulse move to resistance 32568. I am waiting for price to reach my buy area for my move.
تم حذف الأمر:
As the price reached the low of the bull flag, it didn't give confirmation with a rejection candle for me to enter, as such I didn't take the trade and the price moved further down to support, I will post an update on my analysis soon.

التحليلات ذات الصلة

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.