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TFG

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.
JSE:TFGLong
by Timonrosso
TFG could take some time but heading to R120.00 interesting factInv H&S has formed on The Foschini Group. It's potential and there are two scenarios. One the price just rallies with the rest of the JSE Retailers and goes to R120. Or two, it could hit the top of the downtrend, consolidate align and then break up and out of it once there are strong buying troops and demand. Either way, the signs are good for upside since it broke out of its one year downtrend channel. 7>21 Price<200 RSI>50 Target R120.00 ABOUT TFG ~ The Foschini Group (TFG) is a prominent South African retail company with headquarters in Cape Town. ~ TFG was founded in 1925 and has since grown to become one of the largest retail groups in South Africa. ~ The company operates a diverse portfolio of retail brands, including Foschini, Markham, Totalsports, @home, Exact, and more. ~ Markham is a leading men's fashion brand known for its contemporary clothing, footwear, and grooming products. ~ Totalsports focuses on sports apparel, footwear, and equipment, catering to various sporting disciplines. ~ @home is a home and furniture brand offering stylish and modern homeware, furniture, and decor items. ~ TFG has a significant presence not only in South Africa but also in various African countries such as Botswana, Namibia, Lesotho, and Zambia. HOW IT GOT ITS NAME The Foschini Group (TFG) got its name from its founder, Benjamin Foschini. He was a Jewish immigrant who established the company in 1925 as a small store in Cape Town, South Africa.
JSE:TFGLong
by Timonrosso
TFG showing a ton of buying signals to R112.02 Bullish Scallop formed recently on TFG. This coincides with a breakout to the upside from the continuous downtrend. Now that we have had a break above both, shows momentum is setting itself for more upside. Other indicators confirm upside to come. 7>21 MA Price<200 RSI >50 Target R112.02 SMC Bearish FVG formed (Arrow) this is where two candles prices do not overlap with the big ones... This means, we can expect the market to move up to rebalance and achieve equilibrium (Filling the gap). Also below the Scallop formation is a Sell Side LIquidity Order Block. Smart Monet is sweeping the selling and buying into it, pushing the price up. This is a good probability trade to go long.
JSE:TFGLong
by Timonrosso
FOSCHINI - Mid-channel analysis ($JSETFG)Hi Guys So having a look at FOSCHINI, we may derive the following from the weekly chart: 1. Price is trading in an equidistant channel, where the bears appear to be in control. 2. We may therefore test the weekly uptrend support near the 200 SMA. 3. I am favouring a move to downside but wouldn't rule out the possibility of a break to the upside where we may then retest the ATH. 4. Since we are in the middle of a channel, there would be little room to trade. Wait for a good entry. Let's see what happens. Note: The views provided herein do not constitute financial advice.
JSE:TFG
by zeerotrader
THE FOSCHINI GROUP (TFG) DAILY TIMEFRAME SHORTThere is no magic crystal ball here. Whether you are on the daily timeframe or 4-hour, the stars are aligned baby! The price for this stock is moving in a clear range with the support at 15 760 and the resistance at 17 825. Now we can see a bearish candle start to form at the top, and a second closure of a bearish candle will likely be my trigger for the trade. A more conservative entry would be to enter when the third bearish candle moves halfway the length of the prior candle.
JSE:TFG
by munyaelliott
FoschiniWith the petrol price increasing, tax increased this year results on a lot of financial pressure on the south african consumer leaving consumers with a lower disposable income. In time of lower disposable income it is natural in an economic sense that there would be an increase on credit purchases from consumers. With this being said. I think TFG is best positioned for a long on retailers as they reported 7% increase in credit sales together with a decrease in irrevocable debt. This gives me an indication that TFG does collect most debt and they do it quite fast as they have the highest interests rate on debitors with 19%. This is a risk management strategy they use to collect debt as soon as possible from debitors. The faster they collect debt the stornger the balance sheet and the stronger the share price should be theoretically. Therefore, I remain bullish on the stock. Here is what I plan to do: Buy: 174-176 TP: 190 SL: 169
JSE:TFGLong
by MariusGrobler301