TradingView
Peet_Serfontein
Jun 1, 2022 8:56 AM

WHL: some upside potential? Long

WOOLWORTHS HOLDINGS LTDJSE

Description

Testing its 200-day simple moving average.
A price action above 5360 supports a bullish trend direction.
Crossing below this level will negate the trend direction.
Upside price momentum supports the bullish trend.
RSI leaves enough room for further upside price potential.
MACD bullish crossover also applicable.
Downside price channel also remains of interest.
Comments
unclecool787
Tricky one. Technically it looks correct, but fundamentally WHL is difficult to justify at a more expensive valuation.
Walter_Hill
With what happened after 15:30 on the JSE and USA Markets the downside channel seems more likely.?
More