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Trader-Dan

FOSCHINI - LONG Idea

Long
THE FOSCHINI GROUP LIMITED (JSE:TFG)  
Trader-Dan  
JSE:TFG   THE FOSCHINI GROUP LIMITED
Support and Resistance Fibonacci Trend Lines
9
0
supportandresistance fibonacci trendline
- Price has broken resistance on above average volume.

- I would be hestiant to chase the momentum just yet but look for any weakness towards the resistance (now turned support) around R71

- Targets could be the top of the falling wedge around R88 with the aim to trail a position further up

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Disclaimer

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