Truworths ‘invalidating’ the bearish rising wedge pattern which had formed,by breaking to the upper side of the wedge pattern.
Just above the wedge pattern, we have horizontal resistance just below the R78 mark, and we look set to close above that resistance level.
Rand is still weak, most SA inc. stocks pulling back today, but Truworths seem resilient...
Mr Price has had a mixed year so far. In January, it dropped a massive -16.69% in one day falling from R259.14 to R215.24. It then spent the next two months trading a range between R205.00 and R225.00 before finally dropping to R180.00.
Since then, the stock has discovered some bullish vigor, running all the way up to R221.82. The MACD also broke above the the...
The Trend is still down for Now on BAT
I will be looking at buying some in the Green Pivot Extension or getting Short in the Red pivot extension
Bearish retest here is my guess the flag looks like a nice scalp if you want to take the chance
With the strong news coming out about Nedbank's Renewable energy Bonds i like Nedbank here
The pivots have all opened higher on the weekly showing good momentum
The First Target is R1 and the stops are below the green pivot extension