#WHL Woolies looking constructive #JSE
Actualizado
Constructive engulfing candle over prior 6 days closes on Woolies today. Old resistance R64.60 acting as support. Still enclosed in a channel which needs a break to the upside. 61.8 fib from May to Aug swing low and high has also held. A break out this channel and a close above the 200dma at approx R68.50 will really give the bulls something to really get excited above. Early signs are there to watch for a larger move higher but not quite out the woods yet. R65.00 and R61.50 are good entry levels to stagger in if not in already.
Nota
Broken outside of its channel and now resting the breakout. Upgraded today by CITI - still happy to be long hereNota
Still holding.. patience
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