TBS trade ideas

RossLarter Updated 

JSE:TBS has broken out through a support level, so we anticipate a downward move toward the previous low.

ALSITRADER

JSE:TBS Testing 24000 once again. If it breaks lower (and looks like it will) next support around 20000.

ALSITRADER

JSE:TBS Made inside day yesterday, short bellow 24700 with stop loss at 25400.

MarcoOlevano Updated 

Tiger brands has once again tested the critical R240 support and held so far today. If it can get some legs we could perhaps see a move back to R290.00. Ex dividend today and unbundling of OCE which will explain most the weakness seen today

TheGreatestMarketAnalyst

TIGER BRANDS WEEKLY Timeframe Reasons For Entry: - RSI Divergence - Wave 5 Entry Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a...

ALSITRADER

JSE:TBS Down trend continuation here. Looks like 240 must hold, if it goes 22000 is next target.

ALSITRADER Updated 

JSE:TBS From almost breaking up from that sideways consolidation TBS came to test bottom of consolidation. Wait for break, there should be about 10-11% in that move

Innocentmaponde

Still looks good for a move to the R300 area (and above)

RossLarter Updated 

JSE:TBS has been trading in a sideways channel since early November last year. It is currently at the bottom of the channel and seems to be bouncing off. We are aiming for the resistance level at the top of the channel.

ALSITRADER

JSE:TBS Making big base. Is the bottom in place? Watch for break out.

Innocentmaponde

Price currently at the critical R262 support area. A close below that could mean more downside

KoosKanmar

Like so many other shares on the JSE, this one also lacks momentum to break from a very narrow trading range.

KoosKanmar

Tigerbrands bull flag break. First target 305, but in the same breath my expectation is that SA market is very close to so resistance that will be tough to break, so be nimble on the profit take and the stop loss side.

TheGreatestMarketAnalyst

We have a head and shoulders pattern forming over here, the shoulder is also giving us a bullish flag so we must watchout for the breakout off the flag for perfect and safer entry towards the previous gap at the 32672 area or above.

RossLarter

JSE:TBS has recently bounced off the top of a long term downward channel. Stochastic has also recently crossed downwards. Could possibly be heading for the bottom of the channel and might stall or bounce around the 24700 level.

LD_Perspectives

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...