Tongaat's earnings will be the key

2020年6月14日

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 before proceeding to longer term target of 1325. This share should be handled with caution though.

Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.