@VIllageTraderZA The time to buy the F*cken dip has comeLooks like the time to buy the dip has come. Nice breakout building up bouncing off the 50d EMA and 200 day EMA
IUE trade ideas
Comparison between TRU/TFG/MRP Interesting comparison between the major apparel retailers
MRP is the leader (longer terms) but is lagging year-to-date ...
Note the chart is adjusted for dividends...
TRU 40 day boxTruworths trading in 40 day box consolidation pattern thats is leading up to a possible breakup in the coming few days
reward to risk 1.5:1
TRU: Share Corrects, Reflecting Tru WorthThe move in line with our monthly chart technical view.
Truworths sold off sharply today (-12.5%) on the back of their results released after yesterday's market close. The move lower has aligned with our 02-August comment, suggesting that long term holders should consider reducing.
Based on the monthly chart, the view took into consideration the prior support acting as a potential resistance zone.
The original comment on 02 Aug (with annotations on the chart) was follows:
Truworths International Ltd(TRU, 6180c ) | Bottom Line: Price testing 200-week moving average. Long-term holders consider reducing. Key Points(s):The group provided a business update for the 52-weeks ended 27 June 2021 indicating that the business has been materially affected by the impact of the pandemic. Reviewing the long term (weekly chart) we note the price having advanced strongly off the March 2020 lows however, the price is nearing a resistance range, that being the previous support, which may now act as resistance, as well as the 200-week moving average. Long term holders should consider reducing positions at or around current levels. MONTHLY CHART
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Long idea on TRUThere is triangle setup that has formed here. Price needs to close above 6700 and a breakout above this level can be bought be bought with ST limit at 7325. As always manage your risk
TruworthsBroke out, came for a retest, and now the rally continues.
Should target 65-70 in the short term.
Truworths repels the 50d EMA with increased volumeThe stock held the 50d EMA and broke back higher on increased volume
$JSETRU Truworths Bullish flag targetFirst target (5825)of this bullish flag breakout met
Seems that we have a bit of consolidation at current levels
Second target 6163 still looming
Long idea on $TRUPrice has broken the trendline and moved up to close above the Weekly EMA200. The move higher in price is being supported by volume. Interesting to note is that historically price has traded in this range previously. Price could reach the 5845 level and pullback before moving higher.
$JSETRU Truworths Bullish looking flagTruworths has been consolidating in a bullish looking flag pattern since February. A break of the 5100 level could open 5800 & 6200 targets.
$JSETRU Truworths ConsolidatingTRU has been consolidating from February after a great move off the 3500 levels. Keep an eye on this consolidation pattern. A break and a move above the 5175 level could indicate another leg up for this company. No targets currently. Waiting.
We have a nice Cup & Handle on TRUWe have a nice Cup & Handle pattern on Truworths. The 30w EMA looking to cross the 60w EMA. Now I’m waiting for a break above 5000c. Then I’ll take a long position on the stock
Short TRUMassive three day rally of more than 30% after earnings came in slightly better than expected. Gap closed from last year March. Expect a pullback to breakout levels before consolidation.
JSE:TRU New Years ActionJust before the holiday break, we could see some interest in Truworths - See post link below. Now early in the year, we can see this buying pressure starting the markup with signs of strength - relative large up bar with high volume for this time of year. Will be looking for a push back to R60 - R80.
Bear flag remains valid as TRU fails to stay above 200d EMABear flag remains valid as TRU fails to stay above 200d EMA. We could see some more pressure into the share
JSE:TRU Truworths Mark-up?Truworths has been marking down from a previous trading range at about R75. We are now seeing some accumulation that could be the start of a back-up back to that trading range. We have seen signs of strength throughout this accumulation. After the selling climax, we saw signs of strength (SOS) taking price above the automatic rally (AR) and then being unable to properly break back into the trading range. Now after another SOS we have had a back-up to a last point of support (LPS) and what looks like the start of the mark-up into the new year.
Target reached on $JSETRUIn the last month or so I have found it easier to trade these kinds of smaller patterns due to the markets lack of overall direction.
Symmetrical triangle TruworthsA nice Symmetrical triangle pattern and retest of the base of the triangle
stop at 3416c target 1387 a decent risk:reward ratio
TRUThe 3-Month support range of 29.00-29.50 appears to be at risk with the price making it's umpteenth attempt to close below this level. A daily close below this zone opens up 27.26 and 24.70 as target zones on a medium term view. We also note the development of a possible head and shoulder technical formation in play. RSI: Neutral to Weak. MACD: Below the zero bound, in a bearish regime. Stop: R31.50
