Major sell signal on The Foschini Group to R89.50

Inverse Cup and Handle formed on The Foschini Group.
We then had a major break below, showing that the supply side was dominating the market.
We have other confirming indicators of downside to come.
200>21>7 - Bearish
RSI <50
Target R89.50

ABOUT

The Foschini Group (TFG) (Founded in 1924 as a men's outfitter store by Jewish immigrant, Samuel Foschini.) is a South African fashion retail company headquartered in Cape Town, South Africa.

TFG is divided into four main operating divisions: TFG Africa, TFG London, TFG Australia, and TFG New Zealand.

TFG's brands include Foschini, Markham, @home, Totalsports, and Fabiani, among others.

In 2021, TFG was ranked as the 51st largest retailer in the world by Deloitte, based on its retail revenue of US$4.2 billion.