WHL trade ideas
Woolworths swing play.$JSEWHL - A daily close above 3565 would trigger the long. We have both moving averages and a nice break.
Note - Potential Golden cross.
Woolworths potential swing play.$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.
W+W+W+W WoolworthsIt'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
WHL Daily Range Contraction Upward BreakoutWHL is given a hint of direction from its lower channel and breaks out of its range contraction to move upward.
WHL - Breakdown pending if Close below R33.00A close below R33.00 will create a short trade with a Risk Reward of 1:1.5
WHL - Getting Tight. Looking For A Break, UpWhat interests me about WHL is the tight consolidation pattern just above the pivot (P). This consolidation takes place just above the 50-day EMA on which the price has found support. We've also had multiple days of the share regain the 21/50-EMA which signals strength as well as the willingness of bulls to support the name. We would like the see the share push through the downward trend line going back to 06 July to really make a go to the upside. The MACD remains above the zero bound while the RSI is just above the bull-bear threshold (50) with a neutral to bullish reading of 51.
Last: 3333c
Setup will be negated on a move below 3155c
Buying WooliesI will be looking to buy.
Crucial for price to stay above purple box in coming days, for order to remain valid.
I can't be wrong on all 3 cloth trades...
WHL vs General Retailers & All Share IndexWHL vs General Retailers Index (Breaking Out)
WHL vs All Share Index (Breaking Downtrend)
WHL Woolworths Holdings (WHL) | The share is signaling a willingness to make further advances and breach the recent sideways consolidation zone. The pivot (P) has held as support while the price has closed above the short term downward trend line in place since 4 June, triggering a type of bull flag formation. The price trades above the near term 8/20-EMA's both of which are starting to rise, while the last close is just below 'resistance level 1 (R1)'. Should we break above 'R1', a first target of 3673c would open up which is where 'R2' is currently situated. Traders should bear in mind that we may open weaker for Monday's trading session however we would like to see 3375-3385c hold as a support zone for the short term outlook to remain bullish. The MACD is in a bullish regime while the RSI is making a healthy 58 print. Also attached is WHL vs it's peer group, the General Retailers Index (J537) as well as WHL vs the All Share Index (J203).
Weekly game plan 5 July 2020 - WHLWHL constructive setup. Above R35.50 should get it going with a potential target at the 2000 day moving average
WHL ConsolidatingWHL has progressed upwards but is in a new consolidation ?
so i expect a consolidation for the week ahead
Woolies ready to move?Woolies seems to be holding well here, hopefully we can see it take a step higher.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk.
WHLThis chart forms part of a larger research note. None of the information posted here (TV) should be considered financial advice.
The week before last the share made a false upside break of the gradually upward trending channel. We have since seen a pullback with the price nearing the horizontal level of interest which is also the prior breakout zone (yellow shaded area). This comes in at around 3035-3095c and provides a potential accumulation zone for short term ‘range traders’. I’d like to see the price hold at at this zone, for a potential move back up to 3400c. Note: the 50-day EMA has started to gradually turn higher, suggesting a shift in the medium term trend from sideways consolidation to bullish. Here, we may see a back-test to below the 50-EMA before a regaining of this level.
$JSE-WHLJSE:WHL
Mange to break higher after two big up days.
Broke flat top triangle but currently RR is too small to take long trade.
Rather wait for pull back and potential test of broken triangle.
