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THE FOSCHINI GROUP LIMITEDTHE FOSCHINI GROUP LIMITEDTHE FOSCHINI GROUP LIMITED

THE FOSCHINI GROUP LIMITED

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TFG trade ideas

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