Stochastics are oversold and the ATR is showing a buying opportunity. Stock price bullish with its return to profitability
It is not a great time to buy during the mark-up, better to wait for the reaccumulation range to form, but the buying volume observed in April is now playing out. When all the other stocks were having a selling climax in March we observed that there was significant buying pressure on Tongaat (See posts below). After some more high volume, we are now seeing a...
Hoping this double top plays out to get an opportunity to buy in...
Previously the R5 level has been important (See posts below). Buyers have slowly been accumulating stock just above this level and it seems to have held. This morning some more aggressive buying is taking place and price is on the move. We can expect a test of the previous highs and possibly the markup to continue after some re-accumulation.
We previously identified increased interest in Tongaat (see post below). This buying continues at increasing price levels. Someone is in a hurry to buy the stock and are not waiting for the price to fall back to the lower levels and buying on the way up.
Looking at Tongaat, it currently trades in a downward channel and closed Friday below the 20, 30 and 50 MA. Monday, earnings will be released and it would be a good level to enter should the price break above 567 and confirming a long position. Should it break, it will find some resistance at 604 and 668. After that it should run quickly to 801 and then 955...
just long it man. BRUH!!!! JUST LONG TONGAAT HUELLT CLEAR S/R 10 / 20 MA CROSS JUST LISTEN TO ME MAN!!! OKAY on a closer inspection We may see 540 or there about but buy the dip two gaps that needs to be filled 805 -852 1081 - 1300 follow me on Twitter @muazcoin TP: 1300 with stop below 463
Tongaat has been having their troubles but someone is buying aggressively below R5. We have seen a volume spike on the selling climax and now again on a spring from the lows. After a very week backup attempt to the downward sloping trading range, we could see some rally back to the upper boundary of the downward sloping stride. Buying weak stocks in a weak market...
Tongaat Hulett's board has requested that the share be suspended on the JSE and LSE (secondary listing) amid an investigation. This decisions comes after a delay in publication of the company's financial results. Financial results for March 2018 "cannot be relied upon" and will be restated. The board said that since there is insufficient information in the...
End of week 1Mar19. Nice little comeback from both Richemont and AECI - personally still like them both. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:DLT 12 JSE:TON 21 JSE:OMN 27 JSE:MNK 27 JSE:CSB 30 JSE:CFR 81 JSE:CPI 78 JSE:DTC 78 JSE:AFE 77 JSE:QLT 75 Spending a few minutes...