WOW 0.73% $34.71 woolworths group limited

has anyone actually gone to woolworths lately, page-80

  1. 9,861 Posts.
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    A few weeks on since suggestions of resistance as 200MA daily and 50MA weekly actually were very close if not spot on.
    Its intresting now that we sit below the resistance and above old support at 2600.
    Given i think its reporting nex week ???, i would be looking for a trade after that if it doesnt jump too high or break the 26 support. Perfect scenario would be flat after the announcment then running up from it( thats not happening with results at moment LOL )
    If the general markets were to take a good rally here till mid september then the bull in me says aim for 50% around 31.
    However on the daily i still respect the EW at 2170 for late september.
    Personally while its possible i would not be banking on WOW getting the same treatment as WES last week, and i think the chart was the dead giveaway for WES ???

    I dont like trading a stock on results and suggested the same thing with BHP, and look at the beautiful short term trade after the BHP results.


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