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Writer's pictureLester Davids

Tiger Brands: Here's How Short Term Traders Can Approach It

Tuesday, 01 October 2024

Time Published: Pre-Market

Ticker: TBS


  • The upside target at R242 was reached from the initial pivot of R198.50.

  • Now a rising wedge formation (generally bearish) has broken to the down.

  • Also a breach of the 8, 21-EMA.

  • The provisional next best re-accumulation level is the potential overshoot of the 75-day and 21-week EMA.

  • For now, we want to sell rallied back into the 8-day EMA.



 

Previous Post: Tuesday, 27 August 2024

Pre-Market

Bank/Take Profit

Yesterday's high = 24995c



Lester Davids

Analyst: Unum Capital


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