WOW – Woolworths Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

 Confirmed Trend:
В 

WOW

 В 

Woolworths Ltd

 В 

Food & Staples

 В 

ASX Top 20

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Commentary:

Woolworths has made a Dow Theory and a trend line exit signal at $26.90, confirming a medium term down trend.

If you are shorting this stock, keep a watchful eye on the longer term trend line support at $26.00.В  It would currently take a close above $29.00 or two closes above a down trend line to return to a bullish view on WOW.

Click the chart below to enlarge:

Previous Trend Changes:

Nil

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February 1, 2010  Tags:   Posted in: Research On Australian Stock Trends

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