fy sales, page-18

Hi Kotsos

I am very very new to trading with charts like the other experts out here.

I do not know why many of those are keeping quiet unlike the BHP forum that is very active.

It appears that Woolies is at a turning point -

it wants to go up but the downward pressure is still there. Like what Voltaire has predicted, there are quite a few experts suggesting that it would go down to < 22 $ in a month's time. Elliott wave analysis also suggest the same.

Also Profitsource software (for charting) suggests that a firm lower price has not yet formed for the real upward turning point.

Another thing that is noteworthy is that there is lots of selling going on as shown by the fast decreasing accumulation/distribution indicator.

The other comparable retail stock - Wesfarmers is also in downward trend and is expected to go down to ~ 29 $ by wave analysis. For WES, the present firmer lower price is 30.95 $

If somehow the stock goes above 26.5, then the performance of woolie has to be reassessed.