Foschini is testing the area of support again.
TFG recently released a robust trading update, with retail turnover growth of about 31%.
With Earnings to be released on the 11th of November we could see downward pressure step back and allow for Long trade back to September highs with a Target of R137.
Concerns: The Foschini Group lost 99,000 trading hours in the three months through September because of rolling blackout.
TFG recently released a robust trading update, with retail turnover growth of about 31%.
With Earnings to be released on the 11th of November we could see downward pressure step back and allow for Long trade back to September highs with a Target of R137.
Concerns: The Foschini Group lost 99,000 trading hours in the three months through September because of rolling blackout.