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Woolworths JSE:WHL - Technical Trade Note

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Dean Bakos
Woolworths-Technical-Trade-Note-January-2018

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. https://blog.gt247.com/earnings-in-davy-jones-locker-mark-ingham

In summary:

 whl 2018 jan .jpg

  • SELL AT CURRENT LEVEL
  • STOP LOSS- 6700
  • TAKE PROFIT- 5200

 

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