Analysis - extract from weekly report 01 - 05 February 2021
Woolworths (WHL, 4493c) |Resistance encountered at the upper boundary of the 10-month channel with the price retreating over the 3 sessions to Friday 29/01. Potential for a gap close at 4158c which would also be in line with the 21-Day EMA -ythis level may offer an intraday/ultra short term rebound accumulation zone. Daily Chart.
Woolworths (WHL, 4493c) |Resistance encountered at the upper boundary of the 10-month channel with the price retreating over the 3 sessions to Friday 29/01. Potential for a gap close at 4158c which would also be in line with the 21-Day EMA -ythis level may offer an intraday/ultra short term rebound accumulation zone. Daily Chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.