Tigerbrands exausted - Foot off the neck - Coming down to R153

2024年1月17日

After an insane run up and beautiful trade, Tigerbrands has now reached it's peak and has formed an M Formation.

We thought the price was going to close below and open below th neckline.

Instead there was a largeish exaustion gap.

An Exaustion Gap is a gap in the price where no activity took place due to the fact that the current trend (upside) is exausted and now the supply and selling is taking over.

So the first target will be down to R153.09