TFG counter trend reversal of inclining supportOversold after update. Interesting levels if interested in the retail sector.
0.54 USD
174.89 M USD
3.36 B USD
About Foschini Group Limited
Sector
Industry
CEO
Anthony Edward Thunström
Website
Headquarters
Cape Town
Founded
1924
ISIN
US3498702048
FIGI
BBG011QRFTH0
The Foschini Group Ltd. is an investment holding company, which engages in retail brands that trade in clothing, jewelry, accessories, sporting and outdoor apparel and equipment, cellular goods and services, and home ware. It operates through the following segments: TFG Africa, TFG London, and TFG Australia. The TFG Africa segment focuses on home, Exact, The FIX, the Foschini, the Jewelry, the Markham and the Sport divisions, retail clothing, jewelry, cosmetics, cellphones, and homeware and furniture. The TFG London segment is involved in the Phase Eight, Whistles and Hobbs divisions, which operate internationally in the retail sector, which operates across Europe, Asia, Australasia, and North America. The TFG Australia segment covers the Retail Apparel Group, which operates through retail outlets throughout Australia and New Zealand, as well as online. The company was founded by George Rosenthal in 1924 and is headquartered in Cape Town, South Africa.
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Our opinion on the current state of TFGThe Foschini Group (TFG) is an international retailer with a portfolio of 28 fashion brands. The company operates 4,083 trading outlets in 32 countries worldwide, including divisions in London, Australia, and a substantial presence in South Africa. One of TFG’s standout achievements has been its abi
Our opinion on the current state of TFGThe Foschini Group (TFG) is a prominent international retailer with 28 fashion brands and 4083 trading outlets across 32 countries. TFG's successful expansion into Australia with the Retail Apparel Group (RAG) acquisition in 2017 (for over $300 million) sets it apart, as many South African retailers
FOSCHINI - Approaching next resistance.The stock has had a powerful rally this week, clocking up +16% so far.
Next major resistance to break will be the R112 level.
Our opinion on the current state of TFGThe Foschini Group (TFG) is an international retailer of 28 fashion brands. It has 4,083 trading outlets in 32 countries around the world, with divisions in London and Australia, aside from its extensive presence in the South African market. One of the notable achievements of TFG is its successful b
FOSCHINI - Warning signsPrice action warned of slowing momentum and a change in the state of delivery from BUY to SELL.
The stock has pulled back into an area of interest. Failure at R94.50 likely will see it head to swing low.
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TFG: building higherA price action above 10900 supports a bullish trend direction.
Further bullish confirmation for a break above 11200.
The target price is set at 11700.
The stop-loss price is set at 10400.
Remains above its 200-day simple moving average, supporting a bullish underlying trend.
The share appears to be
$JSETFG - Foschini: Major Trend Change, EW Patterns EverywhereSee link below for previous analysis.
Foschini seems to have found a bottom at 8100.
The big bear market from 16688 has unfolded in a classic zig zag;
Wave (A) is a simple impulse.
Wave (B) is a running triangle.
Wave (C) is an ending diagonal.
The move from 8100 looks to be forming a leading diag
Our opinion on the current state of TFGThe Foschini Group (TFG) is an international retailer of 28 fashion brands. It has 4083 trading outlets in 32 countries around the world. It has a division in London and one in Australia, aside from its extensive presence in the South African market. One of the notable achievements of TFG is that it
FOSCHINI - OversoldThe stock traded to a high of R119.13 in late November last year and has since broken down to an area of interest.
It will be important to see if bulls can hold the trendline that extends from May 2023.
No position as of yet, will see if any buyers step in.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.