techpers

Speculative Idea: Buy TRU

Panjang
JSE:TRU   TRUWORTHS INT LTD
This idea was published on our client platform in the last 15-minutes.

Buy at current levels (or better) for a short term rebound: Retailers have been sold off due to several factors, one being the costs associated with loadshedding (diesel spend). As we move to stage 1-2, sentiment appears to be recovering while the shares have potential developed a short term base. TRU is a part of this thesis, with the shares looking to clear it's 2-week highs. Note the downward trend line being breached and the the MACD printing a positive crossover.

TRADING LEVELS:

Entry: 5389
Target: 5770
Stop-loss: 5150

For more frequent research insights, including trade ideas, get in touch today.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.