AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
According to the 15-minute chart of Tamboran Resources, the recent price action has triggered a narrowing of Bollinger Bands and a bearish Marubozu formation on August 20, 2025 at 12:45. This suggests that the magnitude of stock price fluctuations is decreasing, indicating that sellers are currently in control of the market, and bearish momentum is likely to persist.
Tamboran Resources Corporation (NYSE: TBN), a natural gas company focused on the development of unconventional gas resources in Australia's Northern Territory, has been in the spotlight for its recent agreement with Native Title Holders and the Northern Land Council (NLC). This historic deal, announced on August 20, 2025, aims to sell appraisal gas from its Shenandoah South Pilot in the Beetaloo Basin, a significant move that could help meet Australia's domestic energy needs for over 200 years [1].Daily stocks & crypto headlines, free to your inbox
Comments

No comments yet