Tiger Brands has traded as forecasted. Wave (iii) was ignited by the CEO stepping down and the momentum was sustained with very small pullbacks. Wave (iv) has unfolded as a flat pattern and wave (v) is underway with the invalidation level now raised to 18930.
Wave (v) is always risky as it is hard to forecast how it will unfold and how strong it will be but i will maintain a bullish stance above 18930.