Woolies

I'll probably add WHL (last: 5443c) to Monday's report, among others. In the meantime, I was looking at the name on Wednesday and saw a massive spike in volume . Today, there's a long tail suggesting further buying interest into this downward trend which now sees the price near the prior breakout. What also interests me is the price nearing its 1st back test of the rising 200-day since November 2020. This is very similar to what we saw with TFG at 12794, which offered a rebound buy into 13400c. WHL might trade around this 200-day or flush below, but I am watching it. Anyway, the long side R/R is starting to appear attractive.

If you are interested in receiving my report, drop me a message and we'll take it from there...

Chat soon, cheers.