Here is a buy setup in supermarket giant, Woolworths $WOW
Updated
We can see a reversal candle yesterday and a bullish engulfing candle today.
Furthermore, strong support/bounce off the 200 MA on the daily.
Also, TD sequential is showing a red 9 signaling a potential short term bottom.
I entered a small position this morning.
Stop loss below the 200 MA. (Red line)
Furthermore, strong support/bounce off the 200 MA on the daily.
Also, TD sequential is showing a red 9 signaling a potential short term bottom.
I entered a small position this morning.
Stop loss below the 200 MA. (Red line)
Trade closed: stop reached
turned bearsh after the 200 ma failed to support.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.