Thungela has formed a Large H&S cine May 2022
The price has broken below the neckline and seems to be dropping further.
200 >21> 7 - Bearish (Red)
RSI <50 Red and has formed a Bearish divergence.
However, the price is coming down with the RSI which confirms a bear market.
Target R88.70
General info.
Thungela Resources Ltd (formed in 2020 in JHB as a spin off from AGL (Anglo American)) is a South African mining company that is focused on the production of coal.
The company's primary focus is the mining of high-quality metallurgical coal (Production of steel) and thermal coal (Generate electricity).
You'll find their main operations are located in the Witbank coalfield, which is one of the largest coal-producing regions in South Africa. The mines include the Klipspruit, Mafube and New.
The price has broken below the neckline and seems to be dropping further.
200 >21> 7 - Bearish (Red)
RSI <50 Red and has formed a Bearish divergence.
However, the price is coming down with the RSI which confirms a bear market.
Target R88.70
General info.
Thungela Resources Ltd (formed in 2020 in JHB as a spin off from AGL (Anglo American)) is a South African mining company that is focused on the production of coal.
The company's primary focus is the mining of high-quality metallurgical coal (Production of steel) and thermal coal (Generate electricity).
You'll find their main operations are located in the Witbank coalfield, which is one of the largest coal-producing regions in South Africa. The mines include the Klipspruit, Mafube and New.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.