WOW 0.34% $35.10 woolworths group limited

**** wow technical downside from here

  1. 346 Posts.

    WOW is currently $11.12. The stock will go ex-div on 27/3/03 for 18 cents. effectively $10.96, ex div currently.
    Technically the stock has been in a clear down trend channel (see daily candlesticks chart) and the last 2 trading days with 2 Black Candles are indicative of bearish momentum beginning to take over and a likely re-test of the recent low around $1065-10.70 soon. A break beneath the $10.65 support should see it towards the lower end of the channel. around $10.50.

    Strategy:

    Initial stop loss $11.42.

    Buy April $11.25 Put options @ $.46
    Sell April $10.50-11.50 Call Spread $.66 - .12 = $.54 Cr

    Interestingly, the resurgence of CML today gave no support to the WOW price perhaps indicating some switching by institutions which further adds weight to the trade.


 
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Last
$35.10
Change
0.120(0.34%)
Mkt cap ! $44.26B
Open High Low Value Volume
$34.99 $35.38 $34.64 $151.8M 4.328M

Buyers (Bids)

No. Vol. Price($)
1 1093 $35.10
 

Sellers (Offers)

Price($) Vol. No.
$35.12 189 1
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Last trade - 16.10pm 09/04/2020 (20 minute delay) ?
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Last
$34.99
  Change
0.120 ( 1.13 %)
Open High Low Volume
$35.06 $35.36 $34.65 201630
Last updated 15.59pm 09/04/2020 (live) ?
WOW (ASX) Chart
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