Woolworths Limited (ASX: WOW) Australia’s largest supermarket
Recent events affect WOW: Jobs cut (1200), lower sale, earnings downgrade and suffering due to a low Australian dollar.
TA Reference: Wyckoff market cycle: static.safehaven.com/authors/ticker/20654_large.png
This analysis bases on Wyckoff theory to identify stock phases.
Reanalysed & Simplified by MichaelTran (base on what I see)
Comment: WOW is currently in mark-down phase and still in level of bearishness this provides short oportunity. Ultimate low is ahead, will provide a good opportunity to buy and hold when company's financial statements are positive.
Thank you for your reading.
Note: Historical data is limited in this chart, ultimate low level may be different and in this case I dont use (P/E) ratio and (PEG) ratio to determine overvalued stock investopedia.com/terms/o/overvalued.asp
Recent events affect WOW: Jobs cut (1200), lower sale, earnings downgrade and suffering due to a low Australian dollar.
TA Reference: Wyckoff market cycle: static.safehaven.com/authors/ticker/20654_large.png
This analysis bases on Wyckoff theory to identify stock phases.
Reanalysed & Simplified by MichaelTran (base on what I see)
Comment: WOW is currently in mark-down phase and still in level of bearishness this provides short oportunity. Ultimate low is ahead, will provide a good opportunity to buy and hold when company's financial statements are positive.
Thank you for your reading.
Note: Historical data is limited in this chart, ultimate low level may be different and in this case I dont use (P/E) ratio and (PEG) ratio to determine overvalued stock investopedia.com/terms/o/overvalued.asp
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.