The Foschini Group, TFG
1. Price Formation: The price has broken out from a "W" price formation on a daily chart. The "W" pattern is considered a bullish reversal pattern, indicating a potential upward trend.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average: The 200-day MA is just hovering. This could suggest a potential shift in the overall trend, as the price approaches or hovers around this key long-term moving average.
4. Relative Strength Index (RSI): The RSI is greater than 50, indicating bullish momentum and potential further upward movement.
5. Price Target: R140
Overall, based on the described technical indicators, the outlook is bullish, with the price breaking out from a bullish "W" formation, short-term moving averages supporting the trend, and the RSI showing positive momentum.
The Foschini Group, TFG- the company
The Foschini Group is a South African multinational retailing group, offering a diversified portfolio of 28 leading fashion retail brands across various lifestyle and merchandise categories.
The company was founded in 1925 and has since grown significantly, both domestically and internationally. TFG has over 4,000 outlets in 32 countries, including South Africa, other African countries, the United Kingdom, and Australia. Their brands offer a comprehensive range of clothing, accessories, footwear, home décor items, jewellery, cosmetics, and sports apparel.
TFG has three main divisions: TFG Africa (which houses the majority of their brands), TFG London, and TFG Australia. Some of their well-known brands include Foschini, @home, Markham, Fabiani, G-Star Raw, Phase Eight, and Whistles.
The group has a strong e-commerce presence and has been expanding its digital transformation efforts, including digital marketing, data analytics, and online sales.
1. Price Formation: The price has broken out from a "W" price formation on a daily chart. The "W" pattern is considered a bullish reversal pattern, indicating a potential upward trend.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average: The 200-day MA is just hovering. This could suggest a potential shift in the overall trend, as the price approaches or hovers around this key long-term moving average.
4. Relative Strength Index (RSI): The RSI is greater than 50, indicating bullish momentum and potential further upward movement.
5. Price Target: R140
Overall, based on the described technical indicators, the outlook is bullish, with the price breaking out from a bullish "W" formation, short-term moving averages supporting the trend, and the RSI showing positive momentum.
The Foschini Group, TFG- the company
The Foschini Group is a South African multinational retailing group, offering a diversified portfolio of 28 leading fashion retail brands across various lifestyle and merchandise categories.
The company was founded in 1925 and has since grown significantly, both domestically and internationally. TFG has over 4,000 outlets in 32 countries, including South Africa, other African countries, the United Kingdom, and Australia. Their brands offer a comprehensive range of clothing, accessories, footwear, home décor items, jewellery, cosmetics, and sports apparel.
TFG has three main divisions: TFG Africa (which houses the majority of their brands), TFG London, and TFG Australia. Some of their well-known brands include Foschini, @home, Markham, Fabiani, G-Star Raw, Phase Eight, and Whistles.
The group has a strong e-commerce presence and has been expanding its digital transformation efforts, including digital marketing, data analytics, and online sales.
Trade active:
Price is nicely moving and the trade is on the money. I will hold as a JSE is bullish.