TIGER BRANDS LTDLong
TBS - Trade Idea
Tiger Brands: For just over six weeks, TBS has traded in a downward channel however the RSI technical indicator has started to flash by breaking through it's declining overhead resistance. I regard this an as "early signal" for potential price strength. The price currently around 20771, is extended quite a way below it's 200-day moving average and could revert to the mean, offering a few points on the upside.
Trading Plan:
Buy TBS at 20850 or better
Use a stop-loss of 20450c to protect capital
Take profit if we see the share trade near 21700c
Trading Plan:
Buy TBS at 20850 or better
Use a stop-loss of 20450c to protect capital
Take profit if we see the share trade near 21700c
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