The Truworths Sale -(TRU) SHORT
I will tell you off the bat that I am bearish on the whole retail sector and already have a short on Shoprite (SHP). Looking at Truworths now, it looks like the rally is fading with the price now heavily over-bought and some negative divergence creeping in on the RSI.
TRU is approaching a short term resistance point which I think can be shorted for a move back to mini support.
TRU is approaching a short term resistance point which I think can be shorted for a move back to mini support.
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