UPDATE: Thungela still showing further downside to target R88.70
Large H&S since May 2022 formed with the coal mining company.
It broke down in January and since then has been sliding on a gradual downtrend.
Other indicators confirmed downside to come including:
200 >21> 7 - Bearish (Red)
RSI <50 Red
The target still remains to be R88.70 and it looks like coal is still in very murky water.
It broke down in January and since then has been sliding on a gradual downtrend.
Other indicators confirmed downside to come including:
200 >21> 7 - Bearish (Red)
RSI <50 Red
The target still remains to be R88.70 and it looks like coal is still in very murky water.
✅ Facebook:
facebook.com/groups/matitrader
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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)
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