TGA has had a brutal drop from its all time and people want to know where the bottom is.
I have the following to say
The trend is still going down, so expect a temporary relief before going further down.
I Expect it bottom out at the March 2022 low,
Now why do i have this as a long, I'm going to start dollar cost averaging into the stock, once its starts...
Since the Aveng stock split trading view was struggling to display the stock split, happy to see this corrected
What I see
Past 7 years a consistent down trend, with possible reversal now in 2021.
Rounding bottom a great reversal or short term bullish pattern with statistically excellent results
Local top in October 2021 followed by a pull back....
What I see
Cup and Handle formation starting from 2020
Fib retracement from the start of the impulse wave. 618 already reached
Weekly momentum increasing
I really see this is a long term buy. It has seen a brutal down trend which seems to be turning around. Money is flowing back into the stock, there are more buys then sells. If South Africa recovers I...
This is what I see
Support line broke
50 EMA broken
200 EMA broken
Momentum waves to the down side
Money flow going into the red
See you guys at the the two fib levels, but most likely turn around on the 618 line. There could be some pull back to the 200 EMA but with money flow going into the red its just a formality.
This is what I see
Bull flag
Money flow going to the green
Momentum wave going up, potential anchor wave forming
Bullish divergence
What more do you want, are you not satisfied.
