WESFARMERS LIMITED

WES ASX

TRADER-WANNA-BE

ENTRY: 52.20 TP: 53.48 SL: 51.13 - ADX<25 - RSI>60 - FFI +ve - RS -ve. Hence enter with smaller position. - MA are aligned - Breakout with good volume from ranging since 14 Dec 2020

TheTradingBay

Entry: 52.21 Stop loss: 51.18 Stock broke out of its recent high supported by a good volume today.

TheTradingBay

Entry: 51.09 Stop loss: 49.84 Took a position in the counter after it broke out of its recent high. The volume is not very convincing though even if the 3 SMAs are aligned.

lbo1984

Reviewing the top holdings of the A200 by sector Consumer Discretionary Wesfarmers Ltd Can't fault this run, expecting this to continue with possibly dip to regain momentum. I'd like an entry at $47 if there was a suitable dip. There has to be a retrace on this bull run at some point surely but I'm not a brave enough bear.

Kudiiee

Today's analysis – WES – Consolidating below ATH resistance as the 21EMA coils price into its APEX. Points to consider: - Strong trend - Key level (apex) - Price discovery (blue-sky breakout) - 21 EMA visual guide - Oscillators above 50 WES trading in a clean and strong uptrend finding resistance upon retest of its all-time high. Price is trading at a key...

Moon_Rocket_Capital

WES is testing the pre-covid high point; but RSI is starting to weaken into a bearish divergence.

johninvesting9

Wesfarmers Ltd (ASX: WES) is often regarded as one of the best blue chips on the ASX. Breaking out today and heading higher ahead of earnings. Technical indicators are bullish. Good stock to buy and hold.

UnknownUnicorn2695568

Phoenix Rise Warden UBS WES Never forget

Swoop6

3d spotted let's see if it can play out gl.

Rotuma

Share prices are down 2% from the time of reporting and are generally due to profit-taking, big investors driving prices down to reload for the next leg up. Share prices were driven down to around 37.50 support in the first hour of trades before pulling up above 37.90 a Fib retracement price level. Share prices could head back up to 38.60 if it holds above 37.90 support.

AngusMcK

Might be an interesting conservative play. My feeling is whenever I walk into a Bunnings, Officeworks and KMart they are always busy... Might be at a good area TA wise, missing volume confirmation though. Demand bias is there with 691 buyers for 307,733 units vs 441 sellers for 244,803 units. Wesfarmers Limited is engaged in various business operations, such as...

UnknownUnicorn2254721

Look for sells up at the 1.618 fib level. WES has been looking very strong so a pullback to some support is definitely going to happen sometime.

TomKirk

-Primary pattern is a 66 month horizontal range -Of which as an unmet target of 57.31 -8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries -Tight bollinger band squeeze on the daily -An attractive R/R 30 basis points of risk planned

kdibb82

Im a crypto trader by heart but thought I like the patter of Wesfarmers, so I charted it as I see it. once complete I looked down at the time scale. LOLOLOLOLOLOLOLOL how do people trade this. pattern "might" be complete by 2027 so ill catch ya in 9 years LOL

TomKirk

-66 Month Horizontal range primary pattern -Measured move up to 57.31 -8 Day pennant with horizontal boundary completion on friday close -50SMA peeling away from 200SMA 30 basis points Will enter only with limit order to retain a favorable R/R

leearco

Possible shorting opportunity

Rotuma

WES expecting share prices to pullback to the support marked on the chart

MIchaelTran

Price: 43.340 Price tracking