glennhowell

JSE:WHL | Bulls in the background suggest a buy at 5560

Long
JSE:WHL   WOOLWORTHS HOLDINGS LTD
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6
Price ranged from early February this year all the way through to mid-July before breaking higher.
This extended period of accumulation which was followed up several bullish pushes higher suggests 6400 as a target.

We see price currently constrained in channel-type structure that looks likely to lead down to 5560 before the bulls really step in again.
I'm very interested in a buy at that level.

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