AWPEARCE1

TFG 1D - HOLD ON TO YOUR KNICKERS

Short
JSE:TFG   THE FOSCHINI GROUP LIMITED
The Foschini Group has been one of the better performing stocks of late. It has however broken the upward wedge trend downward and ATR giving a sell signal. Stochastis still have a lot of space downward. Currently still in a sideways channel, and when broken to the downside i will enter trade. Fundamentally i can not explain this action other than a result of a looming economic crisis with no light at the end of the tunnel. By the end of the year those knickers might be in need of a change altogether.

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