RossLarter

WHL for possible Long position

Long
JSE:WHL   WOOLWORTHS HOLDINGS LTD
WHL had a tough time last week with it's poor results, but it is lining up nicely for a recovery upwards.
Last week ended by it forming a bullish harami which is a strong reversal signal. This level is also a support/resistance level from the recent past which solidifies the signal.

If we were to enter a long position, I would wait for it to break into the gap formed last week at around the 5225 level with a target up at around 5465.

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