Tigerbrands hit our Take profit price at R219.05CHALLENGE TRADE UPDATE:
Tigerbrands (TBS)
TAKE PROFIT REACHED
After a long hold of almost 2 months, Tigerbrands reached our take profit price at R219.05.
I was a bit hesitant considering the global chaos and downside that has come down on the markets. But I guess because Tigerbrands is less connected offshore, is the one of the reasons why it's wings were not clipped for movement.
The bias is still long and I expect upside to come, but we need to wait for the next Breakout pattern,
Follow for more daily trades and analyses :)
Trade well, live free
Timon
MATI Trader
Extra news about Tigerbrands if you didn't know:
Tiger Brands is a South African multinational food and beverages company that was founded in 1957.
The company is headquartered in Johannesburg, South Africa, and is listed on the Johannesburg Stock Exchange.
Tiger Brands is one of the largest food companies in Africa, with a diverse range of products that includes grains, confectionery, processed meats, baby food, and beverages.
Some of the well-known brands owned by Tiger Brands include
All Gold (Doesn't get better than these jams), Tastic, Jungle Oats (Cinnamon is amazing), Bakers, and Albany (Best bread I've ever had in my life).
Tiger Brands has operations in over 20 countries in Africa, as well as in Asia, Europe, and the Middle East.
