Leading supermarket retailer WOW has bounced 18% from its 2022 low as defensive names increasingly catch investors attention plus it doesn’t hurt that they are likely to be beneficiaries of rising inflation. It may be a fairly slow and boring journey but we can see “Woollies” posting fresh all-time highs over the next 12-months with its best weeks likely to be when the broader index gets the wobbles.
MM is long and bullish WOW targeting new all-time highs
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