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 Originally Posted by theace
Any latest insights? ... SP seems to be at the lowest .... good buying op?
I'm still waiting for the trend to reverse.
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Member
What indicators signal trend reversal?
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Originally Posted by theace
What indicators signal trend reversal?
I'm no TA expert so you need to ask Hoop or someone of that ilk. But the basic signs I look for are :
- Reversal of the current downtrend in the shareprice!
- Accompanied, hopefully, by an increase in volumes traded.
- And, an uptick in the Relative Strength Indicator (RSI).
I'm primarily an investor rather than a speculator/trader so I use these simple TA tools to augment fundamental analysis - also rather basic!
Cheers
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WOW obviously are a fuel retailer as well. I'm not sure what the current selloff in oil will do to that part of the business.
Although you would think with cheaper fuel Mum & Dad have more retail spend.
I've been looking for a retail exposure in Oz, but I'm not sure WOW is it.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision. 
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More looking for general retail rather than fuel.
Thinking maybe Harvey Norman, or may go Walmart or Home Depot the US
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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Originally Posted by Daytr
More looking for general retail rather than fuel.
Thinking maybe Harvey Norman, or may go Walmart or Home Depot the US
Harvey Norman surged 10% today ...Gerry happy
Current rave toy is the fitness thing that goes on your wrist ....glorified pedometer
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Member
Have been looking at this a while, and wondering if it is a good entry point at current pricing!
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Originally Posted by theace
Have been looking at this a while, and wondering if it is a good entry point at current pricing!
Still a bit too early for me. Technically-wise, the SP is still going sideways and the RSI is weak. Fundamentally, the company doesn't seem to have turned the Masters hardware business around yet and competitive pressure in the supermarket business intensifies. I'll watch and wait meanwhile.
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Sounds like the presentation didn't go too well today
The clock is ticking for Woolworths to save itself
http://www.smh.com.au/business/comme...06-ggvbza.html
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