ひな☆彡 SOXL(Bull) commented on a stock · Nov 26, 2024 07:50

TA report - Woolies 🇦🇺 [Nov W4]

As of Today 26th of Nov 2024

Rating: Strong

Target: 35.00

Hello, I am so happy that this is now recovering. I go to the store every single day, which is only five minutes from my home. In fact, I will be heading there soon to get my lunch.

This is the lowest point in the past few years, and the current valuation is also at its very lowest.

MacD cleared for the short-term trend reversal. This also appears to clear the middle Bollinger band and will be on its way to hitting the top Bollinger band, likely following a mild pullback.

From a consumer perspective, the notion that current woollies are the worst in the past few years does not add up. Inflation has been terrible anyway, and Coles and Woolworths are not that different regarding increasing prices.

$Woolworths Group Ltd (WOW.AU)$

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When looking at the Weekly chart, it is devalued so much that it hits the bottom Bolinger band.

I believe the trend is reversing, and this is a really good buy.

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ひな☆彡 SOXL(Bull)

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