Dizzy,
I've been short WOW for five months now and had a taget price of 10.69 (with a potential 9.49). My current trailing stop is 11.11 - quite short really because WOW is looking like it's due for a bounce to me. Quite heavily oversold in the short term I think.
My longer term view is that there is not huge upside potential for players in the supermarket industry given the increasing competition and the significant over-capitalisation in the industry (on the eastern seaboard in particular.) I know that woolies is more than food and liquor but I could not call a rosier picture for retailing in general than I could for food and liquor retailing right now.
In summary, consolidation following a small bounce to above 11.00? That sound about right?
regards,
-HBG
Dizzy,I've been short WOW for five months now and had a taget...
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Last
$35.06 |
Change
-0.090(0.26%) |
Mkt cap ! $42.82B | |||
| Open | High | Low | Value | Volume |
| $34.86 | $35.06 | $34.77 | $106.1M | 3.076M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4706 | $35.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.06 | 9843 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WOW (ASX) Chart |