WHS - Warehouse Group

[alokdhir]

For me first sign of trouble is breaking below placement price of 3.27 ...as that may trigger bigger SL selling of many recent acquirers ...todays closing at 3.33 is second closing at these levels ...it surely needs to go over 3.40 or not make lower lows ...precariously placed at the moment ....both sides possible ...hopefully some positive news breaks it up ....fingers crossed !!!

[Panda-NZ-]

WHS have a history of disappointment behind it.

The strong fundamentals vs market "pixie dust" round 2.

[Hoop]

The legend KW uses 200 day MA as her go to yardstick. Still in a nice uptrend if one uses the 200 day MA.

Yes KW was pure quality and a big loss for Sharetrader and it's members.

The MA200 is TA's version of Bull or Bear Status...The conventional or official status method is a price fall/rise of >20% from top/bottom price...The two discipline methods to determine WHS status change from Bear to Bull happened on the same day mid October 2020 when the share price gapped up to $2.30..spooky eh

Best successful Bull status strategy is buy and hold (long term investing) and accumulate during dips. (sailing methods)

Best successful Bear status strategy is to stay away and go fishing ......If you hate fishing go find another stock that has Bull Status

For those who think they can beat the market use multiple short term investing "in and out" on the corrections (Note:- Bear market corrections are rallies)... (rowing methods)

As you can see from the previous posts WHS status is still a Bull whatever discipline....

Happy Sailing
Hoop

[Panda-NZ-]

NZX 50 inclusion could be the only rocket booster needed for this illiquid stock.

[Beagle]

Yes KW was pure quality and a big loss for Sharetrader and it's members.

The MA200 is TA's version of Bull or Bear Status...The conventional or official status method is a price fall/rise of >20% from top/bottom price...The two discipline methods to determine WHS status change from Bear to Bull happened on the same day mid October 2020 when the share price gapped up to $2.30..spooky eh

Best successful Bull status strategy is buy and hold (long term investing) and accumulate during dips. (sailing methods)

Best successful Bear status strategy is to stay away and go fishing ......If you hate fishing go find another stock that has Bull Status

For those who think they can beat the market use multiple short term investing "in and out" on the corrections (Note:- Bear market corrections are rallies)... (rowing methods)

As you can see from the previous posts WHS status is still a Bull whatever discipline....

Happy Sailing
Hoop

Going fishing and only investing in Bull cases are not mutually exclusive activities either mate. Always a good day when you catch a good 15kg kingfish and your portfolio goes up 15 kg's too
https://www.fishing.net.nz/

[BlackPeter]

Going fishing and only investing in Bull cases are not mutually exclusive activities either mate. Always a good day when you catch a good 15kg kingfish and your portfolio goes up 15 kg's too
https://www.fishing.net.nz/

Do you measure your portfolio in kg's? I normally take $ ... what is the exchange rate?

[850man]

Do you measure your portfolio in kg's? I normally take $ ... what is the exchange rate?

When you have the quantities Beagle has, easier to weigh that count

[Cyclical]

Do you measure your portfolio in kg's? I normally take $ ... what is the exchange rate?

$ do sometimes get measured in k's or g's, but kg's...must be for the super rich.

When you have the quantities Beagle has, easier to weigh that count

15kgs of 100 dollar bills, now that would be a nice little stack. My dentist the other day said I could pay with doggy coin (whisky tango foxtrot), while ripping out my wisdom tooth. Straight away I thought of Beagle and knew it was going to be expensive.

Anyway, this nice little dip in SP, stop wishing it not so guys, I'm slowly accumulating and happy to do so at close to the placement price...it's a gift.

[Beagle]

Mate you should try getting 3 wisdom teeth ripped out at once...one needs to take a "dogged" approach to pain management after that
An old boss of mine in days long gone by used to refer to bean counters sometimes having to shift "freight" around $15 kilo's is of course $15,000.

[JohnnyTheHorse]

Let me share a few charts to provide clarity on where WHS is from a technical perspective, as well as provide a bit of insight as to how I trade this.

I want to make is the importance of multi time frame analysis and aligning this with the timeframe you managing your trades within. I'll illustrate with a daily, weekly and monthly chart how a trader (or investor) can go from great uncertainty to great clarity (note that I look at a lot more info, but this provides the foundation). Let's start with where the clarity is (charts are at the bottom):

Monthly Chart
As at March:
- We see a run of >100% with no monthly consolidation
- Monthly RSI ~80 (note: don't use RSI on blue sky breakouts as a sell/short signal, but be aware of it)
- Large distance between price and the 12EMA
- The chart is extended, I know to look for signs of monthly consolidation

As of now
- Monthly consolidation is underway (healthy for a bull stock)
- Bull flag forming. This can be a monthly bull flag all the way down to 303. High volume (would expect declining volume), but is explained by the sell down

Weekly Chart
- Without looking at the monthly chart, most people will have the first impression of oh god the wheels are falling off (i.e. doesn't provide the best clarity)
- Topping candle w/c 6/4 and large distance from 12EMA and primary trendline. Expecting weekly consolidation
- Weekly downtrend is underway (consolidation)
- Breaks of support leading to little bear follow through (bullish)
- Weekly RSI extended, but now falling into healthy range (consolidation)

Daily Chart
- Without looking at the monthly chart, most people will have the first impression of oh god the wheels are falling off (i.e. doesn't provide the best clarity)
- Topping candles on 25/3 and 7/4 were a flag for consolidation
- Price within a falling wedge pattern. Breaks of support leading to little bear follow through (bullish)
- High volume (would expect declining volume), but is explained by the sell down
- Approaching primary uptrend line, but even a break isn't long term bearish

So what does this all mean?

There are few true traders here so I won't get into the shorter timeframes, but the key takeaway is that this price action is completely expected and very healthy for a stock that has run so far. For a long term investor there are literally zero red flags here. A monthly bull flag is the most likely scenario.

How have I traded this?

My edge is trading, not long term investing. However there's liquidity issues on the NZX which pushes me to have long term holdings (last I checked I accounted for about 0.1% of traded volume on the NZX ). Hence I have long term holdings which I will often trade around (in separate accounts). So I have my core long term holding that I don't touch unless there are longer term TA sell signals. At the same time though, I knew monthly consolidation was coming at some point (and the sell down essentially guaranteed it) and I don't want to see the value of my holding drop. So what do I do? I short it in my trading account when I see red flags on the daily and weekly chart (more tax efficient than selling your long term holdings with that considered trading).

Where to from here?

To end monthly consolidation you are looking for a weekly trend change (higher low, higher high) and a break of the previous months high (344). The best time to buy (risk/reward) is typically anticipating the weekly higher low, but you don't always get that and it just charges on up. A break of 300 on increasing volume would be red flags.

Perform this exercise with other stocks that have run hard from covid lows. HGH is a great example of essentially the same thing WHS is going through (I remember people getting nervous in the $1.70's thinking something was wrong, I was adding more to the long term portfolio and swing trades). TA is an extremely powerful tool even for investors, however it's also dangerous as imo most people don't interpret things correctly.

WHS Monthly.jpg
WHS Weekly.jpg
WHS Daily.jpg