WOW 0.68% $29.40 woolworths group limited

time to sell?

  1. 178 Posts.
    Another stock that i found interesting was WOW.

    We can clearly see a 5 wave advance, and the last swing high has put in a RSI divergence, so suggests its a 5th wave of a 5 wave structure.

    After a 5 wave advance is complete (note this is a monthly chart) we should see a 3 wave correction.

    So if this has indeed topped a large 5 wave advance, i am expecting a corrective phase in 3 waves, once that could see a decline towards $18.00-$16.00.

    It needs to ideally stay under the $36.00 area, although i suspect if we see a substantial decline, we would should see the XJO puke as well, so a broad based selling would be the likely out come.

    Nouf

 
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Last
$29.40
Change
0.200(0.68%)
Mkt cap ! $35.91B
Open High Low Value Volume
$29.35 $29.51 $29.26 $50.55M 1.705M

Buyers (Bids)

No. Vol. Price($)
1 2 $29.39
 

Sellers (Offers)

Price($) Vol. No.
$29.40 1050 1
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
WOW (ASX) Chart
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