A quick observation on WHL. Despite better than expected retail sales in SA today, WHL is printing a bearish flag formation as well as under-performing it's peer group. A breakdown of the flag targets 5090c.
JSE:WHL
Woolworth's once a defensive play on the higher SA LSM, failed to hold there ground following the acquisition of David Jones....
Given the various write-downs on the David Jones division, not to mention the various changes to management, the share price declined and found support around the R 48.00 handle, and most recently, found some legs to set an area of...
The right shoulder of the Head And Shoulder pattern has formed a triangle as consolidating, the triangle is now broken out, we can either wait for the retest and enter on the retest or we can enter at the breakout of the neckline at the area around 5845 and aim to take profits at the most recent previous high/swing high around 6557.
JSE:WHL
Trading in wide down slopping channel. Currently making bullish flag. Break to the upside from flag and target around top of the channel will open.
JSE:WHL
Interesting development in $JSEWHL. Tested bottom of long term channel. Made two candles with wicks on the bottom and today making engulfing bar.
Time to go long but not for everybody since this is trade against major trend.
