TFG could take some time but heading to R120.00 interesting fact
Inv 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.
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.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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