Growthpoint looking to point up after W breakoutW Formation has formed on the property company over the last 3 months.
Today we are seeing a strong breakout to the upside.
Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up.
Other indicators show upside to come:
7>21 Bullish
Price<200 - Bearish but, price action is showing upside to come.
RSI>50
Target R14.44
ABOUT THE COMPANY
Growthpoint Properties Limited is a South African-based real estate investment trust (REIT) and one of the largest property investment companies in the country.
Name:
Growthpoint Properties Limited is commonly known as Growthpoint.
Establishment:
Growthpoint was founded in 1987 and has grown to become a prominent player in the South African property market.
REIT Status:
Growthpoint is classified as a real estate investment trust (REIT), which means it enjoys certain tax advantages and must distribute a significant portion of its earnings as dividends to shareholders.
International Presence:
While primarily focused on the South African property market, Growthpoint has expanded its footprint internationally, with investments in several countries.
Diverse Portfolio:
Growthpoint's property portfolio is diverse and includes office buildings, industrial properties, shopping centers, and retail properties.
Property Assets:
The company owns and manages numerous properties, including landmark buildings and shopping malls across South Africa and abroad.
SOME OFFICES AND SHOPPING CENTRES INCLUDE:
OFFICES:
Sandton City Office Tower
The Place
85 Grayston Drive
Growthpoint Kings Park
The Estuaries
SHOPPING CENTRES:
Canal Walk Shopping Centre
East Rand Mall
The Atrium on 5th
Northgate Shopping Centre
The Constantia Village
Southafrica
TARGET REACHED: Outsurance to R39.10 - Watch outMy first target reached at R39.10.
A Cup and Handle formation revealed and broke out on 10 July 2023. It's been a bit of a hold, but the price continued to make higher lows and higher highs.
This is the best case scenario for a long buying trade. The thing is, what's next?
We could get a bit of a retracement here in a consolidation manner. This is where retail traders sell off their profits and other traders start prepping for the next upside.
Once the pattern forms, breaks out - I'll let you know.
Truworths looking like The Foschini and it's up to R69 (Nice)Inverse Head and Shoulders potentially is formeing on Truworths.
Through my experience, this formation might be short as the price action is very strong to the upside.
It might skip the entire Right SHoulder and just head right to the target from the getgo.
7>21
Price<200 But price is so close to the level, it can smell it. If it breaks up, it'll be great for upside.
RSI>50
Target R69.45
ABOUT THE COMPANY
~ Truworths is a South African-based retail company specializing in fashion apparel, footwear, and accessories.
~The company was founded in 1917 and is headquartered in Cape Town, South Africa.
~ Truworths operates a vast retail network of stores across South Africa and has a presence in several other African countries, including Namibia, Botswana, Zambia, and Eswatini.
~The company's retail brands include Truworths, Truworths Man, Identity, Uzzi, and Earthchild, catering to different customer segments and fashion preferences.
~Truworths focuses on providing trendy and affordable fashion for men, women, and children.
HOW IT GOT ITS NAME
Truworths got its name from its founders, Isaac Krawitz and his brother, Hillie Krawitz. When the company was established in 1917, they named it "The Alliance Trading Company." However, as the business grew and expanded, they decided to change the name to Truworths in 1933. The new name was chosen to reflect the company's commitment to providing customers with quality products of true worth or value.
Trellidor Symmetrical Triangle potential signs of up or down Trellidor Symmetrical Triangle showing conflict
Symmetrical Triangle formed on Trellidor. This is a consolidation pattern where the price converges and then usually breaks out into the prior trend.
Hence it's a Continuation Pattern. Now we have seen higher lows. and the price is showing signs of upside. But then we have momentum indicators saying otherwise.
21>7
Price>200
Bearish
Higher lows
Target up if it breaks out is R3.20
Target down if it breaks out is R1.43
ABOUT THE COMPANY
Trellidor is a South African company that designs, manufactures, and installs customizable security barriers for residential and commercial use.
Founding:
Trellidor was established in 1976 in Durban, South Africa.
The Name:
The name "Trellidor" is derived from the word "trellis", which is a framework of light wooden or metal bars, typically arranged in an intersecting pattern, often used as a support or barrier. This reflects the company's primary product - trellis-style security gates.
Headquarters:
Trellidor's headquarters are in Durban, South Africa.
Public Listing:
Trellidor has been listed on the Johannesburg Stock Exchange (JSE) since 2015.
Global Presence:
Trellidor's products are distributed to end-users through a wide international distribution network in 22 countries worldwide.
Diverse Product Range:
The company offers a wide range of customizable security products, including retractable security gates, burglar guards, security screens, rollerstyle shutters, and more.
Innovation:
Trellidor has a history of innovation in its products, including patents for its trellis-style designs and other proprietary security solutions.
Santova M Formation waiting to break down - R7.35M Formation is forming on Santova.
This is a consolidation pattern that took place after strong upside.
Now the price could turn up and form a Box formation, where it can break to the upside.
But as we say, we can only act on what we see.
We absolutely need the price to break below the neck line of the pattern.
21>7 - Bearish
Price>200 - Elastic
Target R7.35
WARNING this is an illiquid, volatile and low volume traded market. So the trades are LPT due to the nature that trades can stop out. AND very few brokers (if any) provide Shorts with it.
Let me know.
ABOUT THE COMPANY
Santova Limited is a South African-based company that provides a wide range of supply chain management services to businesses around the world.
Founding:
Santova Logistics, previously known as Spectrum Shipping, was founded in 1998.
Headquarters:
The company is headquartered in Durban, South Africa.
Global Operations:
As a global logistics solutions provider, Santova has offices in South Africa, Asia, Australia, Europe, Mauritius, and the United Kingdom.
Services:
Santova provides a wide range of services, including international freight forwarding, supply chain management, import/export solutions, warehousing, and distribution.
Public Listing:
Santova has been listed on the Johannesburg Stock Exchange (JSE) since February 2006.
Specialisation:
The company specialises in integrating and simplifying complex international supply chain functions through advanced information technology.
Strategic Acquisitions:
Over the years, Santova has grown organically and through strategic acquisitions to enhance its global footprint and service offering.
Client-Centric Approach:
Santova's business model is highly client-centric, offering bespoke logistics solutions tailored to the unique needs of each client.
Technology:
The company heavily invests in technology and innovation to improve efficiency and service levels.
Metair Up or Down? Both targets possibleBox Formation has formed with MTA.
Now we need to wait for the breakout.
Now this is funny. Normally box formations are Continuation patterns.
As the prior trend was down, we would expect the price to break down.
However, we are seeing higher lows and the support is being respected.
So I am favouring an upside breakout. But in the meantime I'll give you both potential targets to act on.
7>21 - Sideways
Price<200 - Bearish
RSI=50
Target up R22.00
Target down R16.00
ABOUT THE COMPANY
Metair Investments Ltd is a South African company that manufactures, assembles, distributes, and retails energy storage solutions and automotive components.
Establishment:
Metair was founded in 1948 and has since grown into a global company with operations in numerous countries.
Public Listing:
Metair has been listed on the Johannesburg Stock Exchange (JSE) since 1987.
Two Divisions:
Metair operates through two primary business segments - Energy Storage and Automotive Components.
Global Presence:
Metair's operations span across South Africa, Turkey, Romania, Germany, the United Kingdom, and the rest of Africa.
Energy Storage:
Under the Energy Storage division, Metair manufactures products for automotive, industrial, renewable energy, retail, and telecom sectors. The division includes the brands Mutlu, Rombat, and First National Battery among others.
Automotive Components:
Metair's Automotive Components division includes companies like Hesto Harnesses, Lumotech, and Smiths Manufacturing. This division produces original equipment (OE) components for vehicle manufacturers and aftermarket parts.
Technology Development:
Metair is involved in the development of lithium-ion battery technology and has a strategic focus on e-mobility.
UPDATE: Adcorp retesting C&H before next leg upC&H formed from Feb 2023 to June 2023.
We then had a breakout. The price continued up and then the buying slowed down.
Now we are getting a dip where the price will be testing the Brim level of the C&H.
Moving Averages are conflicted where 21>7 - Bearish but price is above 200MA - Bullish.
This states the uptrend is still intact.
RSI<50 which is showing slowing down of upward momentum.
Target still remains around R8.74
ABOUT THE COMPANY:
Adcorp Holdings Limited is a South African company providing a wide range of human capital management services.
Founding:
Adcorp was founded in 1975 and has grown significantly since then, becoming one of South Africa's leading employment services companies.
Public listing:
Adcorp was listed on the Johannesburg Stock Exchange (JSE) in 1987, making it publicly traded.
Global footprint :
While Adcorp is headquartered in Johannesburg, South Africa, the company also has operations in various other countries, including Australia, India, and several African countries.
Diverse services:
Adcorp's services cover a broad range of human resource management needs, including temporary and permanent recruitment, skills development, training, business process outsourcing (BPO), talent management, and payroll services.
Innovation:
Adcorp has shown commitment to innovation, investing in technology. This includes using data analytics and artificial intelligence in talent acquisition and management.
Insimbi showing downside to 86 centsRounding Top has formed on Insimbi after its rally from the W Formation.
21>7 - bearish.
Price>200 - Bullish
Target 86 cents
Warning is that this chart is unattractive for a trader:
It signals Illiquidity and low volume with HIGH volatility.
No matter what trade you take, I consider it a LPT (Low Probability Trade).
ABOUT THE COMPANY
Insimbi Industrial Holdings Limited is a South African company primarily involved in providing steel, aluminum, and other alloys to industries in South Africa and internationally.
Inception:
Insimbi was established in 1973, initially as a supplier of foundry and steel-making raw materials.
Public Listing:
The company was listed on the Johannesburg Stock Exchange's Alternative Exchange (AltX) in September 2008.
Expansion Through Acquisition:
Over the years, Insimbi has grown through various strategic acquisitions. For instance, in 2018, it acquired Group Wreck Non-Ferrous Metals, a company involved in the trading and processing of non-ferrous metals.
Merafe upside from the newest C&HCup and Handle formed with Merafe with the previous Breakaway gap that took place.
The price has broken above the Brim level and is flirting with the 200MA.
Also the price needs to move up to fill the gap.
These are all bullish signals including:
7>21
Price<200
RSI>50
Target 1 will be to R1.47
ABOUT THE COMPANY
Merafe Resources is a South African mining company that operates in the ferroalloys sector, predominantly in the production of chrome.
Partnership with Glencore:
Merafe Resources is best known for its partnership with Glencore. Through its subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd., Merafe participates in the earnings of the Glencore-Merafe Chrome Venture.
Primary commodity:
Merafe's main commodity is ferrochrome, which is a key ingredient in the production of stainless steel.
Formation:
Merafe was incorporated in 1987 and has been listed on the Johannesburg Stock Exchange (JSE) since 1988.
Headquarters:
The company is headquartered in Bryanston, Johannesburg, South Africa.
Extensive operations:
The Glencore-Merafe Chrome Venture operates five ferrochrome smelters, 22 ferrochrome furnaces, and nine mines, making it one of the largest ferrochrome producers in the world.
Sustainable mining:
Merafe has an Environmental Management Program (EMP) in place, complying with the National Environmental Management Act.
Women in leadership:
Merafe has made strides in promoting women in leadership positions. The company's CEO, Zanele Matlala, is one of the few female CEOs in the South African mining industry.
EUR/ZAR C&H to R17.32 - with a warningCup and Handle has formed over the last few months with EUR/ZAR.
We got a break down below R19.65.
Now it looks like there is further downside to come for the EUR which is good for the rand.
21>7
Price >200
RSI<50
Target R17.32
The big warning technically is that the EUR/ZAR is flirting with the 200MA. Until the price breaks down, then I'll feel more comfortable with this analysis.
Clicks broke above the Inverse Head and Shoulders FINALLYInverse Head and Shoulders has been forming with Clicks since March 2023 as it was being formed.
We've seen the price making higher lows, breakout of its year downtrend, and things are now looking better for the bulls.
Other indicators confirm:
7>21>200
RSI>50
Target 1 will be quite extended and it could be a medium term hold but my first price is to R340.76
ABOUT THE COMPANY
Clicks Group is a retail-led healthcare group which has been listed on the JSE Limited (Johannesburg Stock Exchange) since 1996.
Clicks Group was established in 1968 in Cape Town, South Africa by entrepreneur, Jack Goldin.
Clicks was originally conceived as a drugstore concept in the style of American retailers such as Walgreens and CVS, but with legislation in South Africa at the time prohibiting corporate ownership of pharmacies, the model had to be adjusted to a variety retailer.
The first Clicks store was opened in St. Georges Street in Cape Town.
The "Clicks" name was apparently derived from the sound that the founder, Jack Goldin, heard from a clicking stethoscope, embodying the health focus he wanted for the company.
However, due to the existing legislation, the health focus was not immediately realized until later years.
The Group operates through multiple retail brands like Clicks, GNC, The Body Shop, Claire's, Musica (which you can't find anymore), and more, providing a wide array of products from health and beauty to homewares.
In 2003, Clicks was finally able to introduce pharmacies into their stores after South African legislation changed to allow corporate pharmacy ownership.
Clicks Group has the largest retail pharmacy chain in South Africa with over 500 in-store pharmacies.
Tigerbrands is coming down after M Pattern and Downtrend breakM Formation has formed on TBS.
This is from the prior downtrend showing difficulties for the company.
Now that the price has broken below, there is a higher chance of the market to drop.
200>21>7 Bearish
RSI<50 - Downtrend momentum.
Target R130.00
CONCERNS: If the JSE ALSI 40 rallies to new highs and breaks out of the Broadening formation, it might slow down the downside for the company.
However, with the negative fundamentals kicking in with the bad results as well as the resignation from the CFO. The fundamentals might override the upside for the JSE.
JSE to hopefully break above the Vuvuzela formation T to 75,000This week I remain an optimist that we will see a higher low with the JSE.
And it will soon (not sure when) break up and out of the long extended Vuvuzela formation.
Once it does my first short term target will be to 75,000.
Every year it seems the JSE is testing traders more and more.
Some fundamental news: Someone asked about what happens with the Interest Rates staying put last week in South Africa?
Here are my thoughts...
In the short term it's normally a bullish sign as it will stimulate economic and GDP growth. It's cheaper for businesses to borrow money.
On the other side the interest rates are still very high and in the medium to long term, this will discourage spending and will encourage savings as there is a better ROI keeping money in the bank...
As traders, we react on the short term and hopefully with the interest rates on hold, it will push up buying and demand.
Then we can get our rally we've anticipated for the last 7 months.
I'm starting to feel like Clive Roffey, where you see the impending upside, but there are just no confirmation catalysts to boost it.
Vuvuzela Pattern for the JSE ALSI 40 target to blow up to 75000 Well, well, well, we've identified the tumultuous and monotonous pattern on the chart finally.
It's known as a Broadening Triangle or what I call a Vuvuzela Formation.
The price diverges instead of converges in a triangle pattern...
Now this can be a continuation or a reversal pattern. It all depends on the breakout.
Looking at the D&S and liquidity it looks like the JSE really wants to break above the formation and head to new highs of the year.
75,000 is a decent first target...
Also with Smart Money Concepts we can see there is a Sell Side Liquidity Order Block showing how Smart Money is sweeping selling and buying into it, hence there isn't a major push down in price just yet...
I'm bullish with this Vuvuzela. Now we need the JSE to blow up.
DRD Gold broken above the falling flag - BullishFalling Flag has completed on DRD Gold. It started on 9 May 2023, where the price came trickling down in a falling rectangle formation.
The price now has broken above, which signals high buying and demand liquidity.
This will push the price up.
Other indicators confirm:
7>21>200MA
RSI>50
Target 1 will be to R25.24 at the top of the pattern.
ABOUT THE COMPANY
DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment.
The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa.
The company primarily operates within the Witwatersrand Basin, located in the province of Gauteng, South Africa.
This area is known for having some of the most substantial gold deposits in the world.
The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps.
They specialize in the recovery of gold from surface tailings.
Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining.
Life Health showing recovering finallyInv Head and Shoulders has been anticipated for months.
We were just waiting for the right shoulder to form, which it has done.
Next we'll need the price to close above the neckline and it should be a strong trade to buy, hold and profit.
Price >200
RSI>50
Target R23.78
ABOUT THE COMPANY
Life Healthcare Group is a South Africa-based healthcare provider.
Origins:
Life Healthcare, formerly known as Afrox Healthcare, was established in 1983. It is one of the largest private hospital operators in South Africa.
Healthcare Services:
Life Healthcare Group operates hospitals, provides acute care, and offers chronic disease management, among other services.
It is involved in the entire healthcare spectrum, from wellness to acute interventions to rehabilitation.
Global Presence:
Apart from South Africa, Life Healthcare has extended its services to other countries such as Poland (through Scanmed) and India (through Max Healthcare).
Large Hospital Network:
Life Healthcare operates 66 healthcare facilities, including hospitals and day clinics, across South Africa.
Employment:
Life Healthcare Group is a significant employer, with more than 18,000 employees, contributing substantially to the local economy.
Public Trading:
Life Healthcare has been listed on the Johannesburg Stock Exchange since 2010.
Richemont breakaway gap for the downsideInverse C&H has formed on Richemont.
Before the handle formed, it made a Breakaway gap.
This is where the price stopped its current uptrend, broke below where there is liquidity that didn't fill, and then continued down.
Now gaps close 70% of the time, so we could get a spike up before the downside. But that would be for a conservative trader.
Other indicators show downside to come.
7=21
Price>200
RSI <50
Target R2,299
ABOUT THE COMPANY:
Origins:
Richemont was created in 1988 by South African businessman Johann Rupert. Its creation represented the spin-off of international assets owned by Rembrandt Group Limited of South Africa.
Headquarters:
The company's global headquarters is located in Bellevue, Switzerland.
Luxury Brands Portfolio:
Richemont owns several of the world's leading luxury goods companies, with particular strengths in jewelry, luxury watches, and premium accessories.
Their portfolio includes brands such as Cartier, Dunhill, Montblanc, and Van Cleef & Arpels.
Watch Expertise:
The company is known for its Swiss watchmaking brands like Jaeger-LeCoultre, Piaget, IWC, Baume et Mercier, Vacheron Constantin, Officine Panerai, and Roger Dubuis.
Global Reach:
Richemont operates in over 35 countries globally and sells its products in over 100 countries.
JSE ALSI 40 Vuvuzela Formation - could break up!Hi guys, this could be a concern.
JSE ALSI 40 has been forming a broadening pattern (Vuvuzela) since 12 April 2023.
Now with these patterns, they can break any direction...
If we make a higher low, the chance of the price breaking up is higher. Then we can expect the price to finally break up and out and head to 75,000 as the first target.
As this is Monday, it will set the bar to where the market will be heading soon. We need to hold onto our hats as this can go south just as quickly as it went up last week.
What do you think up or down this week?
NASDAQ JULY MONTHLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻NASDAQ JULY
MONTHLY STRUCTURE
OHLC (SELL SETUP)
🔻🔻🔻🔻
The July monthly structure for NASDAQ in 2023 can be analyzed through the OHLC (Open, High, Low, Close) framework. Currently, a sell setup seems to be emerging as NASDAQ's NAs100 index has formed an OPEN HIGH LOW CLOSE structure on the daily timeframe. This structure has effectively rejected prices below the sell zone at 15582.08 . Based on this configuration, a potential target for a sell setup is anticipated to be at 15255.22 , following a confirmation from the TDI (Trade Dynamic Index) crossing.
Another confirmation supporting the bearish stance for NASDAQ is the presence of a perfect bearish divergence observed on the daily timeframe, spanning from June 16, 2023, to the current price on July 14, 2023. This divergence suggests a potential shift in market sentiment and further supports the selling bias. Currently, we are awaiting a TDI cross on the daily timeframe, which will serve as an additional confirmation of the presence of sellers in the market.
Moreover, it is strongly believed that price will open high today during the market's opening session. This provides an opportunity to capitalize on selling at the peak of the New York trading session. Additionally, there are indications of a possible formation of a head and shoulder pattern, with the market currently in the second leg of the right shoulder during the pullback phase following the initial breakout.
In light of these observations, it is essential to exercise patience in the markets, closely monitoring the evolving patterns and price action. Furthermore, there is a possibility of an evening star pattern developing on the daily timeframe, which further reinforces the bearish sentiment.
By providing this comprehensive analysis with a professional tone and incorporating specific examples, we can gain a deeper understanding of the July monthly structure for NASDAQ in 2023, focusing on the OHLC framework, sell setups, bearish divergences, TDI crosses, and potential pattern formations such as head and shoulder and evening star patterns.
Target 1 - 15255.22
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
P A T I E N C E + D I S C I P L I N E
UPDATE: Shoprite showing strong upside still to come target R257Since the last update, Shoprite shot above the neckline of the Inverse Head and Shoulders.
Since then, it's been rocketing to our first target. As long as the JSE ALSI continues its medium term upside and the retailers continue to move up - there is no stopping this one.
Other indicators confirm.
7>21
Price >200
RSI>50
Target remains at R257.00
ABOUT THE COMPANY
Origins:
Shoprite originated in 1979 in South Africa, starting as a chain of eight supermarkets in Cape Town.
Growth:
Shoprite is now the largest supermarket retailer on the African continent.
They operate in 15 countries across Africa and the Indian Ocean Islands.
Headquarters:
The company's headquarters are in Brackenfell, Cape Town, South Africa.
Brands:
Shoprite Holdings operates several well-known retail brands, including
Shoprite,
Checkers,
Checkers Hyper,
Usave,
OK Furniture,
House & Home, and more.
Services:
Apart from retail services, Shoprite also provides financial services, such as money transfer, ticket booking, and payment of utility bills.
Employment:
Shoprite is a significant employer in Africa, providing jobs to tens of thousands of people.
USDZAR analysis with the rand to strengthen to R15.90?Right off the bat, I normally get short analyses wrong with USD/ZAR.
But the system is the system, so I have to keep to the rules.
Since the trade hit my first target at R18.90, it's been forming an Inverse Cup and Handle.
Now the price has broken below, which means the USD is likely to weaken from here.
The indicators however are conflicted.
7>21 (about to cross)
Price >200 - But the price could also drop below it entering a downtrend
RSI<50
Target 1 for this analysis is an absurd R15.90.
Let's see how this plays out. For argument sake, I hope it's right this time. Paying 27 US Dollars for 2 Prime cans was not the best investment of my life. And I know, I got ripped off!
UPDATE: Afrimat on target to R66.75 and a new pattern arisesCup and Handle was the last pattern we used to make this prob prediction.
Lately, we have had the price fall into a Falling Flag consolidation formation.
And the price has already broken up and out of it.
This means, we can expect upside to continue and head to our first target of R66.75.
7>21>200
RSI>50
Target R66.75
ABOUT THE COMPANY
Afrimat Limited is a leading black empowered open pit mining company in South Africa.
Name:
Afrimat's name appears to be a combination of "Africa", reflecting its roots and primary operational region, and "mat", which could potentially be derived from "materials", representing the company's core business in supplying construction and industrial materials.
Founding:
Afrimat was founded in the early 1960s as the Lancaster Group, and was rebranded as Afrimat Limited in 2006.
Listing:
The company is listed on the Johannesburg Stock Exchange (JSE), and its listing took place in 2006.
Headquarters:
Afrimat's headquarters are situated in Durbanville, Cape Town, South Africa.
Operations:
Afrimat operates nationally in South Africa, and internationally in Namibia.
It provides a range of materials, including aggregates, industrial minerals, and commodities.
Aggregates:
The company started as a producer of building aggregates, but it has since diversified into a wide range of mining and related sectors.
Industrial Minerals:
Afrimat expanded into industrial minerals and now produces dolomite, limestone, silica, and others.
Leadership:
Andries van Heerden is the Chief Executive Officer (CEO) of Afrimat.
TFG Quasimodo Inv head and shoulders upside to R120Inv 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 COMPANY
Origins:
The Foschini Group (TFG) is a South African retail group with a diverse portfolio.
It was established in 1924, and its first store was a women's fashion retailer located in Cape Town.
Portfolio: TFG operates numerous brands across various retail sectors, including fashion, jewelry, accessories, cosmetics, cellphones, and homewares.
Some of its popular brands include
Foschini,
Markham,
Totalsports, and
Sterns.
International Presence:
TFG has a significant retail presence in 32 countries, including South Africa, the UK, and Australia.
Expansion:
TFG has grown through both organic expansion and strategic acquisitions. In recent years, the company has acquired numerous brands to diversify its portfolio, such as
Phase Eight,
Whistles, and
Hobbs in the UK.