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Technical Trade Idea: TFG – UnumCapital
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Technical Trade Idea: TFG

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:

  1. Break of trend line going back to the 5 March peak
  2. 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.

https://www.tradingview.com/x/bQSACGGu/

Lester Davids

Trading Desk Analyst

Unum Capital (Pty) Ltd
An Authorised Financial Services Provider (FSP 564)


T: +27 (0)21 201 7270             W:  www.unum.co.za             E: lester@unum.co.za


Lester Davids

Lester joined Unum Capital in July 2016 and is a Trading Desk Analyst focusing on local (JSE) and global multi-asset class technical strategy and research which includes idea generation.

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