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.
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.