Inv H&S has formed on TFG. It's not a very attractive one as the left shoulder moved past the neckline. I call these the Quasimodos of trading. Anyway, the large downtrend has broken and the uptrend is on its way. So the signs of buying and demand are high. We have other indicators confirming: 7>21 Price<200 RSI>50 Target 1 will be at R120.00 ABOUT THE...
most retailers have been under pressure for a while this may be a possible bounce for TFG on this zone
Medium term downtrend has been evident over the last couple of months. It's been a haven for trend traders. These are the ones that go short and trail their stop losses as the market goes further down. 200>21>7 RSI<50 Target R68.45
Inverse Cup and Handle formed on The Foschini Group. We then had a major break below, showing that the supply side was dominating the market. We have other confirming indicators of downside to come. 200>21>7 - Bearish RSI <50 Target R89.50 ABOUT The Foschini Group (TFG) (Founded in 1924 as a men's outfitter store by Jewish immigrant, Samuel Foschini.) is a...
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...
Foschini may find enough support on the zone for a move higher so a possible change of trend is on the cards
the foschini group reported great numbers last week and made a bounce on the zone we might see a strong move up
I will be buying some shorts today, hopefully not red ones... This security is a TA Disaster. There is no support below 5614 level.
TFG may see more down side as the lock down may hit sales and revenue for retailers in the coming months ahead