Tiger Brands: For just over six weeks, TBS
has traded in a downward channel
however the RSI
technical indicator has started to flash by breaking through it's declining overhead resistance. I regard this an as "early signal" for potential price strength. The price currently around 20771, is extended quite a way below it's 200-day moving average and could revert to the mean, offering a few points on the upside.
at 20850 or better
Use a stop-loss of 20450c to protect capital
Take profit if we see the share trade near 21700c