JSE:TBS Tiger Brands Markdown Set to Start
Tiger Brands has traded in a redistribution trading range (TR) and after breaking the TR it has attempted to break back into the TR but was unable to so. We have now seen signs of weakness (sow) which followed no demand on the increase. The previous attempt to rise with volume (effort) showed little response indicating that sellers are in control. After some consolidation at the smaller TR breakout level, we can see the markdown begin.
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