Get started
WOOLWORTHS HOLDINGS LTDWOOLWORTHS HOLDINGS LTDWOOLWORTHS HOLDINGS LTD

WOOLWORTHS HOLDINGS LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

WHL trade ideas

Wait for Confirmation. Taking a brief look at WHL, it appears that the price is holding support at slightly above R52.00. The MACD is showing imminent signs of a Bullish crossover, after a short retracement. I would ultimately like to see a close above R54.65 for confirmation of what already looks to be a Short/Mid term Bullish trend. A fall (close) below R52.00 would likely see further price depreciation back toward the recent low of R49.85. * With Christmas around the corner, Woolies is a consumer favourite for gifts ranging from quality foods to branded clothing. My point is that sentiment for Woolies brands during the festive season is likely to be high. ** Some other shares to consider would be Clicks & Shoprite (for their variety). I'm happy to put some of these retailers in my "back pocket" and await Q1 2022 results.
JSE:WHL
by Mike1North
WooliesI'll probably add WHL (last: 5443c) to Monday's report, among others. In the meantime, I was looking at the name on Wednesday and saw a massive spike in volume . Today, there's a long tail suggesting further buying interest into this downward trend which now sees the price near the prior breakout. What also interests me is the price nearing its 1st back test of the rising 200-day since November 2020. This is very similar to what we saw with TFG at 12794, which offered a rebound buy into 13400c. WHL might trade around this 200-day or flush below, but I am watching it. Anyway, the long side R/R is starting to appear attractive. If you are interested in receiving my report, drop me a message and we'll take it from there... Chat soon, cheers.
JSE:WHL
by LD_Perspectives