The Foschini Group Waiting for a break up to R140.24
Broken out of downtrend since September 2022
Cup and Handle has formed in the interim (with the handle in play).
We just need to wait for a breakout to the upside
7=21 but looks like it wants to cross up.
RSI>50 - Bullish (Good)
Target R140.24
General Info:
The Foschini Group (TFG) listed in 2002 on the JSE is a South African retail company founded in 1925 which is headquartered in Cape Town.
It has operations across South Africa (with over 1,000 stores and 20,000 employees), as well as in other countries in Africa and the UK.
The group's portfolio includes well-known brands such as Markham, American Swiss, The FIX, and Foschini.
Cup and Handle has formed in the interim (with the handle in play).
We just need to wait for a breakout to the upside
7=21 but looks like it wants to cross up.
RSI>50 - Bullish (Good)
Target R140.24
General Info:
The Foschini Group (TFG) listed in 2002 on the JSE is a South African retail company founded in 1925 which is headquartered in Cape Town.
It has operations across South Africa (with over 1,000 stores and 20,000 employees), as well as in other countries in Africa and the UK.
The group's portfolio includes well-known brands such as Markham, American Swiss, The FIX, and Foschini.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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