JSE_TFG: Foschini Group Oversold The Foschini Group has been in a long-term uptrend channel. The 200 SMA has defined the oversold condition during this trend. It has again pulled back to the 200 SMA becoming oversold. After an initial strong move I am waiting for a pullback to to around the 17000 level and Yearly Pivot Point on the Daily chart to go long. The target will be overbought conditions at the top of the stride channel.
