Stable trading update, helping Woolies back to an exciting resistance level.
Actual Trading Update:
Woolworths says 53-week sales growth 5.1% in constant currency
Woolworths says 53-week total group sales growth 5.9%
Woolworths says Australia trading conditions remain challenging
(Source: Bloomberg)
A break and close above the R50.80 levels could see WHL target the R57 levels, where WHL traded earlier this year. Support currently can be found at the 200-day moving average R49.50. The consensus target price (according to Thomson Reuters) for WHL is currently R52.97.
Actual Trading Update:
Woolworths says 53-week sales growth 5.1% in constant currency
Woolworths says 53-week total group sales growth 5.9%
Woolworths says Australia trading conditions remain challenging
(Source: Bloomberg)
A break and close above the R50.80 levels could see WHL target the R57 levels, where WHL traded earlier this year. Support currently can be found at the 200-day moving average R49.50. The consensus target price (according to Thomson Reuters) for WHL is currently R52.97.
Trade closed: target reached
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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.
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.