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TFG - Gloomy Looking!

Short
JSE:TFG   THE FOSCHINI GROUP LIMITED
We may derive the following from the Weekly TFG chart:

1. Price has completed the correction (See linked idea).

2. Some profit can be taken as we are at support.

3. A small bid is most likely to occur at the support (pink line) - however a break of the trend wouldn't surprise me.

4. Keep holding short.

5. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.

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