Woolworths (WHL) is set to announce their FY23 results on 30th August 2023, following a significant 35% rally since June 2023. However, Their recent trading update revealed that HEPS (Headline Earnings Per Share) fell below expectations, accompanied by negative concerns around load shedding.
Currently, the price is testing a supply area, raising the possibility of a double top formation. This pattern suggests potential downward movement in the stock.
what broker can I use to trade south African stocks???
MarketMeistersTrading
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@tshepokgasi11, choosing a broker depends on how you want to trade – stocks, forex or CFDs. Look into platforms like AvaTrade, Interactive Brokers, Plus500, or Pepperstone. They each have their quirks, like the number of JSE stocks, fees, and CFD options.
Or you could check out bank accounts for trading, like FNB or Nedbank. We use Standard Bank for CFDs (Contract for Difference).
Basically, find what suits your style. Do some online digging to get a better feel for each option. Happy hunting!