ohhhhh I wish I had the money and the connection to buy this consumer stock whatever happened idk but this is $WOW its obviously going to recover 😍😍😍😍
I'd buy 35million worth of this lol 😆 give it ten years 🤤🤤🤤
I wonder how other asx stocks are doing
WOW recently retested resistance at ~38.13.
Can see it was more tempted to break it in march after having plummeted below it, but perhaps after the bloodbath that was last week it can retest and break through - big bullish if so.
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...
Reviewing the top A200 from each sector
Consumer Staples
Woolworths Group Ltd
Kicking my self for not pulling the trigger at 36, I like the set up here to test a new high by the end of the year. Pokie revenue should come back online in the next quarter likely to give a continued boost to the corona hoarding.
𝗪𝗼𝗼𝗹𝘄𝗼𝗿𝘁𝗵𝘀 𝗽𝗿𝗲𝗽𝗽𝗲𝗱 𝗳𝗼𝗿 𝗮 𝗻𝗲𝘄 𝗿𝗮𝗹𝗹𝘆?
There is substantial history here with the price holding this trend, with the COVID fear leading to a temporary break of the top side, but generally it has been quite stable. The RSI is hovering around it's low point - just above oversold - as well, which is a good indicator of health of the trend.
Volume is down, however...
Taking a look at WOW my thoughts are where on the end destination from C to D looking for a 1.618 retrace for a long term buy, short stop loss on a trend support line that has been in place since the 3rd of November 2003. This is likly to take place come 1st of November 2021.
Also a 729 X to D deep retrace. Light cumulative buys on the down could be the go...
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...
Shorting Woolworths limited on the ASX.
Limit order trade activated once we cross 35.39 with take profit targets of: '
Target 1: 34.26 RRR 1.07
Target 2: 31.63 RRR 3.32
Target 3: 25.64 RRR 8.35
Stop Loss at 36.53
Thanks everyone and best of luck
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)
