WOW 2.45% $40.39 woolworths group limited

Crashy- BNP's thoughts on WOW

  1. 400 Posts.
    Crashy, I received this today and thought you may be interested. I am not sure how to copy a chart across from Acrobat (can anyone enlighten me?) and so the chart that went with the commentary isn't here.

    Last price WOW: $12.52
    The very distinct trend in WOW, which began in early 2000, remains intact for now. There has been
    a pullback from the high at $13.64 with the question being how far the movement will go. Support
    exists at $12.40 (trendline – see (1) above) and also below at $12.00 (trendline – see (2) above).
    Longer-term traders should look for these levels to hold for evidence that the trend remains intact.
    Looking for reversal signal around $12.40 for long trade with confirmation of further upside if $12.63
    resistance broken (Oct 01 high). If further upside from current levels then $12.63 ++ could be long
    entry point. A significant break of $12.40 may see pullback to $12.00 so look for put trade
    (WOWWPT) in this instance. Subsequent long position could be entered at $12.00. Trend-following
    indicator MACD signals caution for bulls. Secondary indicator RSI should be watched for
    confirmation of trend – the support line shown being an interesting level to watch for trend
    confirmation (support holds) of trend break (breach of support).
    Trading Warrants:
    WOWWPJ Jul $13.00 Call
    WOWWPT Jul $13.00 Put
    WOWIPB Sep ‘04 $8.00 Instal WOWIPD Dec ’02 $10.00 Instal
    WOWIPE Jul ‘02 $11.50 Instal
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Mkt cap ! $49.97B
Open High Low Value Volume
$39.95 $40.44 $39.76 $25.98M 646.4K

Buyers (Bids)

No. Vol. Price($)
21 1650 $40.38

Sellers (Offers)

Price($) Vol. No.
$40.39 226 8
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Last trade - 11.04am 10/05/2021 (20 minute delay) ?
0.965 ( 2.86 %)
Open High Low Volume
$39.81 $40.48 $39.76 70979
Last updated 11.25am 10/05/2021 (live) ?
WOW (ASX) Chart
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