This JSE Retail Share Is Turning Up - Thursday, 19 September 2024

Pre-Market

Share Name: Woolworths

Ticker: WHL

• Bullish Continuation

• Channel breakout, re-test and now a base

• Also note, the price has found support on it's rising 200-week Simple Moving Average.

• A break above 6625c, targets 7428c and 8142c.

• The structure is invalidated on a weekly close below 5986c.

• View Time Frame: Medium Term

  
  

NOTE: On 11 June Clients were alerted to an opportunity in WHL at R53.87, supported by the price action reading via the Tactical Trading Guide. We have since seen a +23% gain on the share to the recent swing highs.

Lester Davids

Analyst: Unum Capital