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zAngus

Australias Wesfarmers Looking Very Oversold On Earnings

Long
WESFARMERS LIMITED (ASX:WES)  
zAngus Updated   
ASX:WES   WESFARMERS LIMITED
Chart Patterns Trend Analysis Technical Indicators
4
8
chartpattern trendanalysis indicator
WES has had a nice steady run this year but has had a pretty good pullback to a support area on earnings.

Be worth keeping an eye on for a bounce from here.
Comment:
How To: Risk Management - A Trailing Stop Loss of 8% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.

snapshot
Comment:
WES really got belted. Has fallen back to next level of support. I think it "should" bounce from here, but never know.

snapshot
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