Technical Trade Idea: TFG
TFG, Current: 6915c
Long term, the lower boundary of the channel at 4700c remains a focus area.
In the short term, the technical structure sees a shift/trend reversal:
- Break of trend line going back to the 5 March peak
- Break of trend line going back to the 14 April peak
Provisional Levels: Looking for a close above 7035 to trigger a move to 7740c. Stop: 6620.
Trading Desk Analyst
Unum Capital (Pty) Ltd
An Authorised Financial Services Provider (FSP 564)