16 Aug Technical Pick of the Week – Truworths
Using the Trading Central research available on the iTrade website we look at Truworths. The short term trend is up and as explained in the comment MACD is positive and it is trading above its 20 and 50 day moving averages.
The first take profit level is R102.85 and the stop-loss level is R90.26.
The potential loss is 4% and the first profit level is 9.4% giving a satisfactory rsik/reward ratio.