Pre-Market
Share Name: Woolworths
Ticker: WHL
Bullish Continuation
Channel breakout, re-test and now a base
Also note, the price has found support on it's rising 200-week Simple Moving Average.
A break above 6625c, targets 7428c and 8142c.
The structure is invalidated on a weekly close below 5986c.
View Time Frame: Medium Term
NOTE: On 11 June Clients were alerted to an opportunity in WHL at R53.87, supported by the price action reading via the Tactical Trading Guide. We have since seen a +23% gain on the share to the recent swing highs.
Lester Davids
Analyst: Unum Capital
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