Timonrosso

TARGET Reached: TFG Short hit the target but there's still down

Kort
JSE:TFG   THE FOSCHINI GROUP LIMITED
Inverse Cup and Handle formed on TFG
And the trend has been nothing but down.
200>21>7 - Bearish
RSI <50
Target R89.50

So what now? Well with the ongoing banking collapse and the trouble with financials, insurance and retail sectors mean we can expect the downside to continue.

I'm going to wait for the next setup before doing anything.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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