TFG Quasimodo Inv head and shoulders upside to R120Inv H&S has formed on TFG. It's not a very attractive one as the left shoulder moved past the neckline.
I call these the Quasimodos of trading.
Anyway, the large downtrend has broken and the uptrend is on its way. So the signs of buying and demand are high.
We have other indicators confirming:
7>21
Price<200
RSI>50
Target 1 will be at R120.00
ABOUT THE COMPANY
Origins:
The Foschini Group (TFG) is a South African retail group with a diverse portfolio.
It was established in 1924, and its first store was a women's fashion retailer located in Cape Town.
Portfolio: TFG operates numerous brands across various retail sectors, including fashion, jewelry, accessories, cosmetics, cellphones, and homewares.
Some of its popular brands include
Foschini,
Markham,
Totalsports, and
Sterns.
International Presence:
TFG has a significant retail presence in 32 countries, including South Africa, the UK, and Australia.
Expansion:
TFG has grown through both organic expansion and strategic acquisitions. In recent years, the company has acquired numerous brands to diversify its portfolio, such as
Phase Eight,
Whistles, and
Hobbs in the UK.
