$JSETRU - Truworths: Will The Bull Trend Resume?
See link below for previous analysis.
Truworths had a great run from the 4682 low to peak at 8441.
Recent price action is showing toppish signs.
Though it's still premature to call for a head & shoulders pattern, I am seeing potential signs of one therefore I will be monitoring price action with that in mind.
Price has found strong support between 6600 to 6800 and I have marked this zone as the neckline.
Buy dips above 6697 with that same level as the stop-loss price in the short-term.
Truworths had a great run from the 4682 low to peak at 8441.
Recent price action is showing toppish signs.
Though it's still premature to call for a head & shoulders pattern, I am seeing potential signs of one therefore I will be monitoring price action with that in mind.
Price has found strong support between 6600 to 6800 and I have marked this zone as the neckline.
Buy dips above 6697 with that same level as the stop-loss price in the short-term.
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