Tsogo Sun Gaming | Double breaks of key levels can often serve as significant long or short signals. In this case, TSG trades just below it's pivot level and 50-day exponential moving average. We also note the price having been in a moderate downward trend over a 7-week period similar to mid=April to late May and mid-June to early August. The trigger for a long...
Pay attention to Tsogo Sun, market currently to hit my expected support level @ 364. If Support stands, look for buying opportunity and take profit @ 900 price zone.
@DiscoDassie asked for view on share
Its an interesting share to be tracking, perhaps the charts will tell us something!
my attempt... I guess similar setup on JSE:ASC
Shade purple zone appears to be a good place to buy long. its basically the area where a breakout of downtrend would occur in near term.
could be more aggressive and buy as soon as...
Tsogo Sun Gaming broke below a bearish rising wedge with a first target around 2.45 and is currently trading at 2.99. We've also just seen another death cross (50/200 period moving avg).
