WOW 1.10% $35.91 woolworths group limited

Based on the sideways movement since April 2013, I would suggest...

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    Based on the sideways movement since April 2013, I would suggest that the technical view is looking for an immediate target of $40 without too much resistance over the coming months, then a pause at around this level, with a further upside target of $43.

    It took a year for this breakout above $37 to occur. Therefore most technicians using traditional T.A. will tell you that the $43 target will take about a year to achieve.

    DYOR. I hold.
 
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