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Woolworths JSE:WHL - Technical Trade Note

Dean Bakos

On 16 November I put out a short trade on WHL. The trade was stopped out as a result of the retail sector booming on the back of the strong rand. Now that the dust has settled with regard to the rand movement, we can short WHL again. Technically the share doesn’t look promising and fundamentally too.

Please also have a look at the fundamental analysis of WHL by Mark Ingham for more info on this as well as my previous posts.

In summary:

 whl 2018 jan .jpg

  • STOP LOSS- 6700
  • TAKE PROFIT- 5200


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