TradingView
MarketMeistersTrading
Jan 8, 2024 7:39 PM

TRUWORTHS INT (TRU) 

TRUWORTHS INT LTDJSE

Description

TRUWORTHS - The current price is now testing the lower trend line within a broadening wedge pattern. Anticipating potential support at the trend line; however, a break below it might signal a significant decline, offering a potential short play.

It's worth noting that in the 50 days leading up to the past six earnings release dates, there has been an average upward movement of over 20% following a period of downward price movement. Considering the current testing of the lower trend line, it could serve as support for another upward trend.
More