TIGER BRANDS LTDLong
Trade Idea: Tiger Brands
Key Drivers
• Share price under pressure due to poor consumer environment and below par results.
• This has led to a share de-rating from R465 (previous short level) to below R250 (PE Ratio of 12.5x).
• Long term there is potentially more downside.
• Short term the share appears oversold and is trading near support.
• RSI daily chart signals oversold conditions."
Code TBS
Entry (buy at or better) R 248.76
Stop-loss R 240.00
Take Profit Target R 264.00
Potential % Return 6.13%
Risk -3.52%
• Share price under pressure due to poor consumer environment and below par results.
• This has led to a share de-rating from R465 (previous short level) to below R250 (PE Ratio of 12.5x).
• Long term there is potentially more downside.
• Short term the share appears oversold and is trading near support.
• RSI daily chart signals oversold conditions."
Code TBS
Entry (buy at or better) R 248.76
Stop-loss R 240.00
Take Profit Target R 264.00
Potential % Return 6.13%
Risk -3.52%
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.