TIGER BRANDS LTDLong
$JSETBS - Tiger Brands: Market Loves CEO Announcement
See link below for previous update.
The market loved the SENS announcement of the CEO stepping down as the share shot up more than 14% from the open.
I am still maintaining the tentative labeling of the down move from 22958.
What is key is that 13427 is still holding and price action from 13676 looks impulsive but I want to see five wave up to have a high conviction that a bottom is in at 13427.
Any consolidation or pullback for wave (iv) will present buy opportunities.
The market loved the SENS announcement of the CEO stepping down as the share shot up more than 14% from the open.
I am still maintaining the tentative labeling of the down move from 22958.
What is key is that 13427 is still holding and price action from 13676 looks impulsive but I want to see five wave up to have a high conviction that a bottom is in at 13427.
Any consolidation or pullback for wave (iv) will present buy opportunities.
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