Tiger Brands - 15500c Target Hit Original idea attached (07 June). The price subsequently moving along the 'potential price path'. The 15500c target level has been hit.
TBS trade ideas
TBS ShortShare has been in a downtrend for quite some time and remains very weak.
Breaking below the low it made 12 May.
My short target is 12400.
TBS TBS - During the March 2020 Covid crash I mentioned that anything below 13700c is worth a look in terms of a medium term equity position. Recently the share traded just below 13700c, fluctuating around this level followed by a rebound to around +15000c. This was a prior short of mine with the de-rating over the past 4 years being massive as the share declined from +46000c to below 14000c. The attached is my ST technical view where I note pennant formation that would be triggered on the back of a ST breach of the channel which could set up a move toward the upper boundary of the larger channel that extends back to 2021. Recent results appeared to have been well-received with the added bonus of share buy-backs while I also note that volume has been increasing. Possible target +15500c and higher. Chart = 'Daily'.
TIGER BRANDS - Observation - Tiger brands has been on a steady decline since reaching a high of R406 in 2018
- It has reached a swing low last seen during the covid market crash and the same price level it was at mid 2011
- It pays to stay in stocks that are trending upwards
TBS remains in downward channelTBS is still trading rather bearish within its downward channel since July 2021,
currently its trading in a 6% box consolidation for the last 6 weeks and can easily breakdown further if the bulls loose support at the R174.50 mark,
*Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
Tigerbrands looks well priced.Please see chart for summary of technical analysis.
My overall sentiment towards Tigerbrands, is that the share price is not accurately reflecting the Fundamentals of the company.
Considering the "Net Profit Margin" & "Return on Equity" have remained positive for the past 5 years, alongside other Valuation metrics such as the "Return on Capital Employed" staying positive, I would strongly urge anyone to analyze the financials further.
The groups solvency ratios remain positive, and the Debt Level Funding is well within an accepted range.
The Cash Flow statement also suggests that the group is sitting on a relatively large amount of Cash, which it may choose to use in funding future investment activities (to grow the business).
Given that the share price is down over 50% since Jan '17, I feel the share is well priced for a "pullback" (to the upside that is).
I also feel that the share offers a generous Dividend Yield.
* The information contained is not financial advice, it is only my opinion.
** I am a Private Analyst working in my personal capacity and have not received any compensation for publishing/sharing this analysis.
*** I do not currently hold the share.
TBS -1D -lame TIGERStochastics are oversold on the weekly and daily charts. With the festive season coming up they might experience a boost in sales, and i think that it might go up to the 200day ma at about 22290. Moving sideways and consolidating at the moment. A Move to those levels might even signal a break to the top
Not a bad Risk reward trade a nice 2 R:R opportunity on Tiger Brands.
The found some support and broke the down trendline. Expecting the stock to go restest the resistance 22600
TIGER BRANDS - Trading Update #JSETBS- Nasty breakdown of the the R185 level after a trade update
- If Bulls can't regain this level, downside targets R170 on the bear flag breakdown
- Above R190 will see a short squeeze with some decent upside.
On the sidelines for now
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Tiger Brands- When the looting is over...As with AVI...With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting is over. Buy TBS at current levels to target the region near R230.00.
TBS -1D - TOTAL RECALLThe recall of canned goods now out of the way, Tiger can give a nice buying opportunity above R190. Stochastics over sold, and price range at the bottom of a upward channel. Potential target could be the 200ema. Also grants are being dished out again, which can only work in their favour.
TBS - Medium Term Downside Break The name was part of my covid bargains watch-list with a flag in Feb-2020. It got to a low of R143 and rallied to $228 in recent times however, every other year there seems to be some type of problem which surfaces which then weighs on reputation and is now being reflected in the price.
Share in the dog-box for now.
Trade Setup: Tiger BrandsTiger Brands - Re-Stocking Required: Near trend line support, however, may overshoot to test horizontal support around 19500c -19800c. Stop-loss: 19220c. Target range: Top of range 21600c to 21900c.
TIGER BRANDS- TEST the breakoutTBS did finally manage to break out of that consolidation pattern and now the question is, does it hold or break back into the box??. The play here would be to buy a bounce off of R218.00 for a target of around 235.00. Otherwise, short a break and close below 218.00 for a move back towards R205.00
TBS: temporary correction unfolding?Testing the upper range of the Bollinger Bands, which increases the likelihood of a temporary correction.
Retracted from overbought territory (See the RSI).
Remains a sell below 22893.
Recent upside momentum peak - supporting the bearish trend.
TBS - Support at R200Big bullish pin bar made on Friday. A close above R200 triggers the long idea with first target at R210 and full target at R220. Stop loss a close below R200.
TIGER BRANDS - Swing (RANGE TRADE)- Price has returned to the bottom of the range which has been in place since October 2020
- Looking for a moving back towards the top of this consolidation area
- A daily close below R191.80 would be viewed as bearish
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Tiger Brands - TBS Bottom of 8 month Trading RangeTiger Brands trading at the bottom of the 8 month trading range. Entry at current level or a bit lower. Stop Loss will be daily close below 19300.
Profit taking area 20800 - 21800.
TBSI published this idea earlier this week (text included). DM me on how to get access to my research.
Patiently waitingThe 30w EMA is now above the 60w EMA.. Still dancing in the R197 - R218. I’m placing a limit slightly above the. 220.42 multi week high at R220.50 with a stop for the moment at 204.43.
This may change as time lapses. I might adjust my stop and accordingly change my position size as well.
Account balance :R7232
2% maximum risk: R144.64
Entry: R220.50
Stop loss: R204.43
Risk per share: R16.07
Quantity: R144.64 / R16.07 = 9
