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Peet_Serfontein

TFG: risky long?

Long
THE FOSCHINI GROUP LIMITED (JSE:TFG)  
Peet_Serfontein  
JSE:TFG   THE FOSCHINI GROUP LIMITED
Trend Analysis Chart Patterns Technical Indicators
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1
trendanalysis chartpattern indicator
A price action above 9300 supports a bullish trend direction.
Further bullish confirmation for a break above 9750 (38.2% Fibonacci retracement level).
The target price is set at 10050 and then 10500.
The stop-loss price is set at 9300.
Corrected from oversold territory (see the lower panel).
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