VillageTraderZA

Tiger brands (TBS) undecided symmetrical triangle

JSE:TBS   TIGER BRANDS LTD
Tiger brands seem to be undecided at the moment. We have both descending and ascending triangle patterns. We have an ascending triangle breakout which was halted by the descending triangle pattern. Creating a symmetrical triangle pattern . Waiting to see if the 20020c support/resistance holds in which direction. If it breaks to the long side, I will wait for my 30w and 60 EMAs to cross first, before I look into getting long the stock. Otherwise looking for a break to the short side. But It’s wait and see at the moment.