Here is a buy setup in supermarket giant, Woolworths $WOW
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.
