TBS trade ideas
TBS - 1D - FOLLOW UPUpdate on post made 5 Feb 2021. Daily stochastic overbought, but weekly stochastic still way to go. While i would not buy at this time, i am holding on to current position. Will wait for turn around candle, or confirmation from ATR before considering a sell.
Tigerbrands breaks the 21600 resistanceThe stock broke through the 21600c resistance level. Now I’m waiting for the confirmation, a close above 22000c about 3% higher than the resistance. Taking into account the box theory the share is now moving into 22000c - 25100c box from the 19800c-21600c box.
#JSETBS - Tiger Brands Swing Idea- Price is in a consolidation phase within a clearly visible range
- Stochastics coming off oversold
- A move to the top of the range is likely here
- NB Trade update could be released soon.
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
TBS -1D --FEROCIUS TIGERWaiting for a breakout. Weekly and daily stochastics over sold. ATR giving me a buy signal. Director Makhup Nyama has resigned. i Have a good feeling, going on the hunt.
Crouching Tiger Hidden Dragon (Be careful!)Technically speaking this JSE stock is in a particularly tricky situation, on the one hand, it seems to have broken out of and gained some bullish momentum from its bearish trend. But on the other hand, it is facing major resistance and indecision. In the medium term, it would appear that there might be some upside to between 232 (Yearly R1 Pivot) and 250 (Accumulation Zone and weekly 200 SMA), but this could be preceded by a test of the Yearly Pivot and diagonal support @ 185 and the breakout would only be valid if we can get a decisive breakout from the current trading range meaning a weekly close above 215. On the other side, a weekly close below the Yearly Pivot could see the bearish trend continue and price back at the lows near 150 before the end of the year.
Breakout looking goodTiger brand is looking good at the moment. Though the stock seems to be struggling breaking through the 21403c resistance level. A 3% close higher would confirm the trade at 22045c, only if the 30w EMA crosses the 60w EMA which is quite close. The preceding higher lows creates an ascending triangle pattern, which is a bullish continuation pattern, but could be used as a turning point. My minimum target at the moment is the 78w high at 25145c. However, I can see the stock back at the 39746c levels.
Checkout this week's game plan here: villagetrader.co.za
TBS: more downside potential?Increasing bearish trend. M-Top pattern might support further downside potential.
Tiger brands (TBS) undecided symmetrical triangleTiger brands seem to be undecided at the moment. We have both descending and ascending triangle patterns. We have an ascending triangle breakout which was halted by the descending triangle pattern. Creating a symmetrical triangle pattern. Waiting to see if the 20020c support/resistance holds in which direction. If it breaks to the long side, I will wait for my 30w and 60 EMAs to cross first, before I look into getting long the stock. Otherwise looking for a break to the short side. But It’s wait and see at the moment.
TIGER BRANDS- BuyWe have seen a significant pullback to test "NEW" support on this stock, I have noticed some renewed optimism in the price over the last week or so which did help push the stock through resistance by some way. We could possibly now be seeing the "kiss goodbye" for at least another move to R223.00 and then possibly even higher.
Symmetrical triangle Tigerbrands
Tigerbrands.
The share testing its downward resistance trend line, traded above it, but didn’t close beyond it. There’s a potential symmetrical triangle play here. We will see over the next few weeks if the trend line holds a resistance again.
Weekly game plan: villagetrader.co.za
Tigerbrand possible retestThink Tigerbrands might head to first to test breakthrough. Monitor, if it holds
Tiger Brands potential golden cross play. Fundamentally may be lacking but a close above 19011 could set up a nice play with the potential golden cross. Price is nicely placed above both MA.
Tiger Brand Bearish Triangle
JSE:TBS
We have a nice bearish triangle pattern. I’m waiting for the break to the downside on the continuation of the trend. I will enter on the break and close below the support of the triangle.
My stop will be at around 190 levels, and my target is around 90 ( height of the triangle projected downwards.
#Tiger Brands - Sell - $JSE#Tiger Brands #TBS - Sell Tiger brands, Stop loss 19628, Take Profit 12200.Possible Ending Diagonal structure in play. Final wave 5 of the structure in play.
#Tiger Brands - Sell - $JSEWeekly: Market has been on a downtrend and has found resistance at 19000, it has touched 19000 3 times and has been rejected to the downside. Expecting a further drop that may find support at 12200 - 10830 price zone
TBS LongTBS has Broken out of the LTR
and the Wedge pattern
wait for confirmation tomorrow
could be a false breakout
market volatility at its highest
TBS LongTBS has been in free fall from Jan 2018
and hit bottom in FEB 2020
has been in consolidation since then
i believe it is over sold and has upside potential
for the investor keep in mind that we are in a bear market
and have not seen the bottom yet
attractive oversold stocks could recover some before more downside
Be Carefull keep to a 2 % of portfolio and use stop losses
Double Bottom on Tiger Brands?Wondering if we could see a bit of a recovery on Tiger Brands in the long term.
Looks like a double bottom with the neckline forming around the 40 DMA.
Wondering if we could see a bit of a recovery on Tiger Brands in the long term.
Looks like a double bottom with the neckline forming around the
Buying a wounded Tiger- LONG TBSEven at the current price (off the lows) TBS is still down 25% for the year. But the stock has managed to break back through that bottom resistance which mean that the low is now in place. If this is the case, the current price action could be a "kiss goodbye" for a move back over R200.00. I am NOT chasing this one so I will leave my orders near/at/below R180.00 and only risking 2% of my portfolio on the trade.
