Thursday, November 5, 2015

Tiger Brands long continuation setup

TBS looks to be breaking out on the 3LB end of day basis again and with its annual trading statement likely to materialise in the near future, this could be a catalyst for the next move upwards. Entry zone is between R336.47 and R332.21 with a stop in as a close below R327.94 and upside targets at R345.00/R353.53 and R357.80

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2 comments:

  1. UnknownNovember 6, 2015 at 9:29 PM

    With the overall market weakness in play, plenty of opportunity to get a decent entry into this trade today

    ReplyDelete
  2. UnknownNovember 12, 2015 at 8:53 PM

    Sustained movement and closure below stop-loss so the trade was exited in today's closing auction at R321.29.

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