zAngus

$TRS:ASX - THE REJECT SHOP - Up 130% over the last 2 months.

Long
zAngus Updated   
ASX:TRS   THE REJECT SHOP LIMITED
The Reject Shop has been on a bit of a run over the last few weeks and with todays overall market down time, might have put it back in a bit of a value area again. I've noticed my younger niece and her friends all seem to like shopping at the Reject Shop and I do tend to go into them as well. Lot of Youtubers also regularly shoot videos in and around them. Might have become a thing. I have set an alert at $4.75 to remind me to have another look when it starts to head back up.

The Reject Shop Ltd. engages in retailing of discount variety merchandise. It offers general consumer merchandise such as toiletries, cosmetics, homewares, personal care products, hardware, basic furniture, household cleaning products, kitchenware, confectionery, snack food, lifestyle and seasonal merchandise, such as seasonal gifts, cards and wrapping, toys, leisure items, and home decorations. The company was founded by Ron Hall and John Shuster in 1981 and is headquartered in Kensington, Australia.
Comment:
Might be 10% or so in it after the pullback and recovery.

Comment:
Up through $6.40 now.

Comment:
Quite a big 10%+ pullback on The Reject Shop over the last couple of days. Could be an entry opportunity / chance to top up if it bounces. Stops are on.

Comment:
Bought a bit more this morning.

Looks good on the hourly chart.

Comment:
Bit of a consolidation. Hopefully building a base before next move up. Stops are in of course in case it heads down.

Comment:
Starting to look interesting again. RSI headed the right way.

Comment:
Interesting again. Have widened the trail.


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