Hoping to see some downward movement here in Woolies WHL
Retailer pairs idea from @Lesater_Davids +SHP / -WHL at 2.0330 with a target of 2.235 and SL of 1.932
JSE:WHL has broken through a descending resistance and confirmed the breakout with the next candle. This breakout also happened at a support level. We can expect an upward move due to this breakout.
JSE:WHL had a tough time last week with it's poor results, but it is lining up nicely for a recovery upwards. Last week ended by it forming a bullish harami which is a strong reversal signal. This level is also a support/resistance level from the recent past which solidifies the signal. If we were to enter a long position, I would wait for it to break into the...