Truworths crashing after results and new target in play

24 de fev. de 2023Truworths has formed an M Formation over the last few weeks.

The price broke below the neckline and now it looks like the next target is in play.
21=7 - Changing
Price >200 - Bullish
RSI <50 Bearish
Mixed view with bearish bias.

Also it seems that the market is not appreciating the Truworths JSETRU 1H 2023 results.
Revenue R11.73 billion, +14% y/y
Net income R1.88 billion, +6.1% y/y
Adjusted EPS R4.874 vs R4.438 y/y
Gross margin 53.5% vs. 53.6% y/y
Interim dividend per share R3.20

I'm bearish right now but with the mixed signals anything can change.