Taking a brief look at WHL, it appears that the price is holding support at slightly above R52.00.
The MACD is showing imminent signs of a Bullish crossover, after a short retracement.
I would ultimately like to see a close above R54.65 for confirmation of what already looks to be a Short/Mid term Bullish trend.
A fall (close) below R52.00 would likely see further price depreciation back toward the recent low of R49.85.
* With Christmas around the corner, Woolies is a consumer favourite for gifts ranging from quality foods to branded clothing.
My point is that sentiment for Woolies brands during the festive season is likely to be high.
** Some other shares to consider would be Clicks & Shoprite (for their variety).
I'm happy to put some of these retailers in my "back pocket" and await Q1 2022 results.
The MACD is showing imminent signs of a Bullish crossover, after a short retracement.
I would ultimately like to see a close above R54.65 for confirmation of what already looks to be a Short/Mid term Bullish trend.
A fall (close) below R52.00 would likely see further price depreciation back toward the recent low of R49.85.
* With Christmas around the corner, Woolies is a consumer favourite for gifts ranging from quality foods to branded clothing.
My point is that sentiment for Woolies brands during the festive season is likely to be high.
** Some other shares to consider would be Clicks & Shoprite (for their variety).
I'm happy to put some of these retailers in my "back pocket" and await Q1 2022 results.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.