WOW 0.38% $34.17 woolworths group limited

On a monthly basis as shown in the chart below, RSI is as low as...

  1. 17,444 Posts.
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    On a monthly basis as shown in the chart below, RSI is as low as it has ever been which is of some comfort.

    The problem is that that really is a fairly short history.

    Long term moving averages still show support around 21 - 22.

    Resistance is obviously around 26 and a solid stay above that will signal a better scenario.

    For those prepared to accept an even more bearish target, the apparant H&S pattern says $17 is worthy of consideration.

 
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