WOWWF: Woolworths Limited down 42% in the last 12 months
Woolworths Limited (ASX: WOW) Australia’s largest supermarket
Recent events affect WOW: Jobs cut (1200), lower sale, earnings downgrade and suffering due to a low Australian dollar.
TA Reference: Wyckoff market cycle: static.safehaven.com/authors/ticker/20654_large.png
This analysis bases on Wyckoff theory to identify stock phases.
Reanalysed & Simplified by MichaelTran (base on what I see)
Comment: WOW is currently in mark-down phase and still in level of bearishness this provides short oportunity. Ultimate low is ahead, will provide a good opportunity to buy and hold when company's financial statements are positive.
Thank you for your reading.
Note: Historical data is limited in this chart, ultimate low level may be different and in this case I dont use (P/E) ratio and (PEG) ratio to determine overvalued stock investopedia.com/terms/o/overvalued.asp
Recent events affect WOW: Jobs cut (1200), lower sale, earnings downgrade and suffering due to a low Australian dollar.
TA Reference: Wyckoff market cycle: static.safehaven.com/authors/ticker/20654_large.png
This analysis bases on Wyckoff theory to identify stock phases.
Reanalysed & Simplified by MichaelTran (base on what I see)
Comment: WOW is currently in mark-down phase and still in level of bearishness this provides short oportunity. Ultimate low is ahead, will provide a good opportunity to buy and hold when company's financial statements are positive.
Thank you for your reading.
Note: Historical data is limited in this chart, ultimate low level may be different and in this case I dont use (P/E) ratio and (PEG) ratio to determine overvalued stock investopedia.com/terms/o/overvalued.asp
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