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TIGER BRANDS LTDTIGER BRANDS LTDTIGER BRANDS LTD

TIGER BRANDS LTD

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TBS trade ideas

TIGER BRANDSTIGER BRANDS WEEKLY Timeframe Reasons For Entry: - RSI Divergence - Wave 5 Entry Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a recommendation. This is purely what I see in the market, trading the setups is at your own discretion and risk.
JSE:TBSLong
by TheGreatestMarketAnalyst
Trade Idea: Tiger BrandsKey Drivers • Share price under pressure due to poor consumer environment and below par results. • This has led to a share de-rating from R465 (previous short level) to below R250 (PE Ratio of 12.5x). • Long term there is potentially more downside . • Short term the share appears oversold and is trading near support. • RSI daily chart signals oversold conditions." Code TBS Entry (buy at or better) R 248.76 Stop-loss R 240.00 Take Profit Target R 264.00 Potential % Return 6.13% Risk -3.52%
JSE:TBSLong
by LD_Perspectives