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Thefoschinigroup

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
Major sell signal on The Foschini Group to R89.50Inverse 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 South African fashion retail company headquartered in Cape Town, South Africa. TFG is divided into four main operating divisions: TFG Africa, TFG London, TFG Australia, and TFG New Zealand. TFG's brands include Foschini, Markham, @home, Totalsports, and Fabiani, among others. In 2021, TFG was ranked as the 51st largest retailer in the world by Deloitte, based on its retail revenue of US$4.2 billion.
JSE:TFGShort
by Timonrosso
The Foschini Group Waiting for a break up to R140.24Broken 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.
JSE:TFGLong
by Timonrosso
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