Trading Foschini: Levels Of Buying Interest

Trade Foschini Group/TFG with Unum Capital.

To get started, email lester@unum.co.za

High bearish momentum, but testing the lower boundary of the range.

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Previous Post (Monday 24 March): Trading TFG / Foschini Group

This is an update on the previous post in which we highlighted the early buy readings. The re-entry ranges have been unchanged. Note the 5 to 8 week reading which is in line with the current trend i.e. recognition of aggressive selling but noting that the downward momentum is possibly slowing. It also alerts us to look for support on the 21 or 50-month EMA.

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Previous Post (Friday 07 March)

• Buy Idea: GET READY to trade.

• A +27% pullback off it's early December peak.

• Early buy readings places the share on the watchlist, with provisional manual levels (ranges) highlighted.

Lester Davids

Analyst: Unum Capital