M Formation formed on Woolies. Broke below the trendline and the signs were all bearish. 21>7 Price >200 Target R64.00 which it hit. But now it looks like there is upside to come due to SMC. SMC (Smart Money Concepts) First we look for LOL (Levels Of Liquidity). This is where there is strong volume of buying or selling from the big boys. We can see three...
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...
#JSEWHL Looks like this one has some growth to come.
Woolworths bullish triangle breakout and re test we might be moving higher
I 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...
JSE: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.
JSE:WHL Broke from long consolidation few days ago, did back test yesterday and today and moved strongly. Resistance is in 5300 area, if it gets cleared next target will be gap close in 5700-5800 area.
"Woolworths ($JSEWHL) - HSBC raised the recommendation on Woolworths Holdings Ltd/South Africa to 'Buy' from 'Hold'. PT set to R60."
Strange week for WHL to be making a comeback, but there we have it.
Woolworths has broken the recent lows and seems to be continuing to be marked down.
JSE:WHL Trading in well defined down channel last few years. Currently is at the bottom of the channel and today is making nice engulfing bar so far. Currently up 5% If you like setups like this good place to go long with SL bellow yesterday LOD. Target over long run can be other side of the channel, first target around 5000.
I would look to go long in these two areas. - .618 fib level - .786 fib level