TRU
TRU 1hr up from supportTruworths hourly chart (currently 30.50) is rangebound between support at R29 (that coincides with the 200 period moving average) and resistance at R35.
The Truworths Sale -(TRU) SHORTI 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.
