Inverse Cup and Handle formed on The Foschini Group.
We then had a major break below, showing that the supply side was dominating the market.
We have other confirming indicators of downside to come.
200>21>7 - Bearish
RSI <50
Target R89.50
ABOUT
The Foschini Group (TFG) (Founded in 1924 as a men's outfitter store by Jewish immigrant, Samuel Foschini.) is a South African fashion retail company headquartered in Cape Town, South Africa.
TFG is divided into four main operating divisions: TFG Africa, TFG London, TFG Australia, and TFG New Zealand.
TFG's brands include Foschini, Markham, home, Totalsports, and Fabiani, among others.
In 2021, TFG was ranked as the 51st largest retailer in the world by Deloitte, based on its retail revenue of US$4.2 billion.
We then had a major break below, showing that the supply side was dominating the market.
We have other confirming indicators of downside to come.
200>21>7 - Bearish
RSI <50
Target R89.50
ABOUT
The Foschini Group (TFG) (Founded in 1924 as a men's outfitter store by Jewish immigrant, Samuel Foschini.) is a South African fashion retail company headquartered in Cape Town, South Africa.
TFG is divided into four main operating divisions: TFG Africa, TFG London, TFG Australia, and TFG New Zealand.
TFG's brands include Foschini, Markham, home, Totalsports, and Fabiani, among others.
In 2021, TFG was ranked as the 51st largest retailer in the world by Deloitte, based on its retail revenue of US$4.2 billion.
🌐NEW Website 2025:
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✅ Facebook:
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.