WOW 1.36% $31.08 woolworths group limited

Crashy- BNP's thoughts on WOW

  1. 400 Posts.
    Crashy, I received this today and thought you may be interested. I am not sure how to copy a chart across from Acrobat (can anyone enlighten me?) and so the chart that went with the commentary isn't here.


    Technicals:
    Last price WOW: $12.52
    The very distinct trend in WOW, which began in early 2000, remains intact for now. There has been
    a pullback from the high at $13.64 with the question being how far the movement will go. Support
    exists at $12.40 (trendline – see (1) above) and also below at $12.00 (trendline – see (2) above).
    Longer-term traders should look for these levels to hold for evidence that the trend remains intact.
    Looking for reversal signal around $12.40 for long trade with confirmation of further upside if $12.63
    resistance broken (Oct 01 high). If further upside from current levels then $12.63 ++ could be long
    entry point. A significant break of $12.40 may see pullback to $12.00 so look for put trade
    (WOWWPT) in this instance. Subsequent long position could be entered at $12.00. Trend-following
    indicator MACD signals caution for bulls. Secondary indicator RSI should be watched for
    confirmation of trend – the support line shown being an interesting level to watch for trend
    confirmation (support holds) of trend break (breach of support).
    Trading Warrants:
    WOWWPJ Jul $13.00 Call
    WOWWPT Jul $13.00 Put
    Instalments:
    WOWIPB Sep ‘04 $8.00 Instal WOWIPD Dec ’02 $10.00 Instal
    WOWIPE Jul ‘02 $11.50 Instal
 
watchlist Created with Sketch. Add WOW (ASX) to my watchlist
(20min delay)
Last
$31.08
Change
-0.430(1.36%)
Mkt cap ! $38.06B
Open High Low Value Volume
$31.29 $31.29 $31.07 $10.68M 342.6K

Buyers (Bids)

No. Vol. Price($)
7 976 $31.08
 

Sellers (Offers)

Price($) Vol. No.
$31.09 1686 8
View Market Depth
Last trade - 11.46am 24/05/2024 (20 minute delay) ?
Last
$31.07
  Change
-0.430 ( 1.46 %)
Open High Low Volume
$31.22 $31.24 $31.04 66763
Last updated 12.06pm 24/05/2024 ?
WOW (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.