WOW looks overbought on daily chart. In the long term 2W chart it has made new highs. WOW dividend still looks good relative to Term deposits.
Woolworth share prices opened at 35.75 and rose to 36.20 in this mornings trading session before retreating to 35.61, down 1.58% at the time of writing. Share prices are still in an uptrend position. Today's fall in share prices could be due to profit-taking as big investors drive shares down to reload with a better value and gear up for the next leg up.
Woolworths Group Limited Currently trending at the supply zone, expecting sellers to take momentum over this market.
Woolworths looking to hit all time high prices as it destroys short stops on its way up. Woolies smashes the .618 fib level. Look for buys at the support zone down below.
Woolworths could be worth a watch as consumer spending on dining out decreases. Not a strong runner, but up 30% year to date. Woolworths (WOW) is a retailer with primary activities in Supermarkets. WOW's other operations include: BIGW discount department stores; Home Improvement; Petrol through the Woolworths/Caltex alliance; and Hotels. Demand: 199 buyers for...
Target price of $39 RBA cuts and debasement of $AUD will make WOW dividends much more attractive.
High to medium probability that WOW trades back up into middle of uptrend channel and tests recent highs.
bullish MACD and RSI trend Strong volume
Volume volume volume, tells the story Chart has notes
see chart breakout of old rising triangle now struggling with 200ma if it can get out there should be a little run to higher prices
PRICE IS ABOVE ICHIMOKU CLOUD WITH REASONABLE VOLUME. STOCHASTIC IS IN THE OVERSOLD ZONE. HISTORICALLY, PRICE TENDS TO GO UP TOWARD EX.DIVIDEND DATE (20/8/2018). RECOMMENDING TO BUY NOW AND TARGETING $31.50 LEVEL
Weekly chart has a break higher. Last month had a bullish engulfing candlestick pattern. time to average up
Waiting to see if it pushes off the 200MA or comes down to test the TL before reversing. Potential long at these levels to push back up and test the recent highs again. Could enter now or wait a bit longer with a stop below the TL.
Support at 27.05,26.84 & 26.57, Resistance at 27.26,27.43 & 27.60
WOW price bounced off the bottom of price channel.