johninvesting9
Long

Long Term Investing - Here is a buy setup in Woolworths $WOW

ASX:WOW   WOOLWORTHS GROUP LIMITED
Once again, Woolworths is at the 200 moving average on the 2 Day chart with a buy signal activated on the MACD indicator (Top of chart).
The last two times this has provided a great buying opportunity for long term investors. Could history repeat itself?

I am not holding $WOW and I will wait for confirmation to add $WOW to my portfolio.
For me, the confirmation is when we can break with a strong buying volume and close above the GREEN line.

In contrast, when Woolworths drop and close below the purple line then this buy setup is NOT ACTIVATED.
Trade active: Green line 35.23. I'll round it to $36.

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