$JSETFG - Foschini: Bottom Not In Yet, How Much Lower Can It Go?
The last coverage of TFG was on the 11th of January 2023.
Price has broken below 9600 and invalidated the view that a low was in.
I have subsequently updated the preferred wave count to that of a double zigzag (WXY).
TFG released a Voluntary trading update in respect of the continued impact of load shedding in South Africa yesterday and the market sold as a result of the gloom.
The FY2022 results are due soo so now I will sit on my hands on TFG and observe price action.
Operational, TFG is doing pretty well as per the TRADING UPDATE FOR Q3 FY2023 AND THE NINE MONTHS ENDED 31 DECEMBER 2022.
Price has broken below 9600 and invalidated the view that a low was in.
I have subsequently updated the preferred wave count to that of a double zigzag (WXY).
TFG released a Voluntary trading update in respect of the continued impact of load shedding in South Africa yesterday and the market sold as a result of the gloom.
The FY2022 results are due soo so now I will sit on my hands on TFG and observe price action.
Operational, TFG is doing pretty well as per the TRADING UPDATE FOR Q3 FY2023 AND THE NINE MONTHS ENDED 31 DECEMBER 2022.
