WOW 0.31% $32.70 woolworths group limited

wow/chart, page-36

  1. 98 Posts.
    Because WOW lost so much ground recently, with no ST support below 10.80, I'm waiting to see if it can break through next resistance at 11.40 convincingly on good volume.

    Next week should see the weekly CCI cross -100 trigerring a buy signal, confirming Tuesday's buy signal on weekly charts.

    Interestingly, although WOW made good ground today, the Money Flow Index on daily carts took a setback. Is this in expectation of resistance at 11.40?

    Time will tell, but a break over 11.40 with no news, will (hopefully) see the old stalwart steadily creep up towards fair value around 12.00
 
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