JSE:WHL broke below another distribution level. Overall, JSE retailers are under pressure for various reasons; load-shedding and some justt poor managemenent decisions. How low can it go? Note that JSE:CLS and JSE:MRP are also weak.
JSE:WHL just sliced below the distribution level. Most retailers are weak, technically, and nowhere near buy zones. Whatever they're citing as the cause of this, there's no justification for a long position.
M Formation formed on Woolies along with bearish indicators. The target was hit at R64.00. Now we are seeing Sell side liquidity where smart money is coming in sweeping all the selling side (buying into their orders) which could push the price up. We can expect chop with upside in the next few days but no real signal has been given for a buy. Will wait for the...
M Formation formed on Woolies, The price broke below and all systems go with the Bearish Engulfing candle. 21>7 Price >200 Target R64.00 interesting that the target is to the 200 MA. This means, the price has rallied at such a high inclination, that the price now wants to approach equilibrium It's all we need for a trade. ABOUT Woolworths South Africa is a...
JSE:WHL might be interesting above R65/share, based on the monthly chart. The stock has had a great run following the release of the recent results.
A Harami candle pattern has formed on a support level on JSE:WHL . This candle pattern potentially indicates a reversal, so we could see a move to the upside from here.
Hello community members welcome to WOO/USDT 1hr chart analysis by CRYPTOSANDERS I have tried my best to bring the best possible outcome to this chart. As we can see from the above-mentioned chart that WOO/USDT broke the triangle pattern and retested well. According to the current scenario, it can move up by almost 20% from the green zone which is also a support...
A Bullish engulfing candle has formed on JSE:WHL at a strong support level. This is a good bullish reversal signal which is looking good for a long position.
JSE:WHL has ticked all of the "indicator boxes" to signal a short trade. The EMA's crossed on Friday last week which was the final trigger sign along with the Stochastic and the MACD crossing downwards a few days earlier. Today, so far, the price seems to be slightly up, but if it breaks through the lows formed on Friday, I will enter a short position.
Woolworths is a South African retailer that has struggled over the last few years starting with a purchase of the Australian retailer David Jones which took place in 2014 at a large premium to its intrinsic value. Woolies has since had to write down the value of its David Jones holding by around 60%. Ouch! The company's current CEO appears to have a viable turn...
4hr chart. Bearish divergence on the RIS for Woolworths Limited. (ASX) Nudging long term resistance levels where it has fallen back to AU$35 several times in the past with similar divergence going on. Could be a buying opportunity for those after a blue chip stock in the not too distant future. Hope it helps. Have a great year and thank you for looking at my...
$JSEWHL - A daily close above 3565 would trigger the long. We have both moving averages and a nice break. Note - Potential Golden cross.
$JSEWHL touched the 200 MA again after a huge move up today over 6.5%. Will be looking for a daily close above the 200 for an entry. If we see more upside we could also see a golden cross i the coming weeks too. One to watch technically.
It's all in the W. The latest W could have just completed as a Bearish Gartly, which with a 0.786 retracement of the last c-d segment, takes it down to ↭R31.30 An observation
Once again, Woolworths is at the 200 moving average on the 2 Day chart with a buy signal activated on the MACD indicator (Top of chart). The last two times this has provided a great buying opportunity for long term investors. Could history repeat itself? I am not holding $WOW and I will wait for confirmation to add $WOW to my portfolio. For me, the...
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)