TRU trading update was not as bad as expected however, Headline earning forward guidance is definitely weaker than expected. This means it's expensive at R66.00.
The technicals show that the price is reaching overhead resistance which I do think will hold. We are in over-bought territory now so I do see the stock pulling back to that all important 200 day moving average.
The technicals show that the price is reaching overhead resistance which I do think will hold. We are in over-bought territory now so I do see the stock pulling back to that all important 200 day moving average.
Trade closed: target reached