VillageTraderZA

Breakout looking good

Long
JSE:TBS   TIGER BRANDS LTD
Tiger brand is looking good at the moment. Though the stock seems to be struggling breaking through the 21403c resistance level . A 3% close higher would confirm the trade at 22045c, only if the 30w EMA crosses the 60w EMA which is quite close. The preceding higher lows creates an ascending triangle pattern, which is a bullish continuation pattern, but could be used as a turning point. My minimum target at the moment is the 78w high at 25145c. However, I can see the stock back at the 39746c levels.


Checkout this week's game plan here: https://villagetrader.co.za/2021/01/17/w...

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