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.

Truworths average

The first take profit level is R102.85 and the stop-loss level is R90.26.

profit

The potential loss is 4% and the first profit level is 9.4% giving a satisfactory rsik/reward ratio.

loss

 

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