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31 okt 2022 20:08

THE FOSCHINI GROUP LIMITED (TFG) Lång

THE FOSCHINI GROUP LIMITEDJSE

Beskrivning

Foschini is testing the area of support again.

TFG recently released a robust trading update, with retail turnover growth of about 31%.

With Earnings to be released on the 11th of November we could see downward pressure step back and allow for Long trade back to September highs with a Target of R137.

Concerns: The Foschini Group lost 99,000 trading hours in the three months through September because of rolling blackout.

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