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THE FOSCHINI GROUP LIMITED

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TFG trade ideas

$JSETFG - Foschini: Bottom Not In Yet, How Much Lower Can It Go?The last coverage of TFG was on the 11th of January 2023. Price has broken below 9600 and invalidated the view that a low was in. I have subsequently updated the preferred wave count to that of a double zigzag (WXY). TFG released a Voluntary trading update in respect of the continued impact of load shedding in South Africa yesterday and the market sold as a result of the gloom. The FY2022 results are due soo so now I will sit on my hands on TFG and observe price action. Operational, TFG is doing pretty well as per the TRADING UPDATE FOR Q3 FY2023 AND THE NINE MONTHS ENDED 31 DECEMBER 2022.
JSE:TFG
by Loyiso_BlaqueSoros_Mpeta
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
1
$JSETFG - The Foschini Group: A Cluster Of Buy SignalsAfter a staller run from the March 2020 lows, TFG peaked at R166,88 in June 2021 and has had a strong bear market correction. From an EWP perspective, this bear has unfolded as a zigzag labelled wave (A) to wave (C) and the (B) wave unfolded as a sideways triangle pattern. The entire zigzag has been almost perfectly contained in a descending channel and price has recently bounced off the lower trendline at R96,68. The short-term view is that R96,68 could potentially be a significant bottom. The MACD adds to the conviction as there is MACD/price convergence and the MACD has started to turn up aggressively with increasing momentum and has just broken above the zero-line. trade: buy: @ market stop-loss: @ R96,00
JSE:TFGLong
by Loyiso_BlaqueSoros_Mpeta
R/Sector Analysis: Consumer Staples + Consumer DiscretionaryRelative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative ratio charts (equally weighted) of the major sectors of the JSE versus the Top 40. Each chart is presented with the following annotations: 1. Price with a 2 standard deviation linear regression channel over 20 days. 2. Adjacent to the price chart (right hand side), is the Relative Strength Index for the following periods: D1, 1W, 21D (1 Month) and 63D (1 Quarter)
JSE:TFG
by techpers
Retailers On The RiseOur clients enjoy the benefit of receiving trade ideas in real-time. The JSE Retail Index is at highest level since November. Below are 4 short term opportunities flagged year-to-date, with the BLUE line being the pivot/suggested long entry. TRU - 5254c to 5709c (04-Jan) - Client Only TFG - 12582c to 13305c (13-Jan) - Client Only WHL - 5228c to 5382c (13-Jan) - Published DCP - still lagging somewhat - Client Only What's Next? To receive trade ideas as well as insights that may spark new ideas, get in touch today.
JSE:TFG
by LD_Perspectives