Tiger Brands: Unwinding From Overbought; 21-Week EMA In Focus

Research Notes For 23 to 27 June > https://www.unum.capital/post/r2327june

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Recently we highlighted TBS being overbought on 3x time frames. The share then traded slightly higher before retreating. Provisionally, the 21-week EMA between R288 and R295 is a provisional next best probability buy level of interest:

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Previous Post (26 May): Tiger Brands: Overbought On 3x Time Frames

M = Monthly

W = Weekly

D = Daily

Lester Davids

Senior Investment Analyst: Unum Capital