Large H&S formed since since May 2022. The price broke below the neckline and since then it's been on a one way trajectory. That was until it reached R123.96 in May 2023… THe price since then has consolidated in a sideways manner and has formed yet another Head and Shoulders. With the price breaking below its neckline, we are seeing further signs of downside to come. And the target remains EXACTLY at R88.70. ABOUT THE COMPANY: Company Background: Thungela Resources Limited is a …
UPDATE Thungela continues its downside to R88
Large H&S formed since since May 2022. The price broke below the neckline and since then it's been on a one way trajectory. That was until it reached R123.96 in May 2023... THe price since then has consolidated in a sideways manner and has formed yet another Head and Shoulders. With the price breaking below…
Shares: