WESFARMERS LIMITED

WES ASX

Jezza323

Verdict: Long Reasons: Trendline + Support line + Candlestick pattern + RSI oversold Alternatively we are headed down to next level.

Jerm88

WES - Previous analysis was done on 30 Aug -> suggested to wait for price recovery above the short-term resistance before any entry - I also mentioned that any further drop in price will constitute a Structure Break - Stock is currently trading at the 58 support levels - Traders should execute their Stops once certain pre-determined prices are...

Jerm88

WES - Previous analysis was done last week -> suggested to wait for price recovery to 66 levels before any entry - Price did not recover but instead continues to drop and break the mid-term support - Any further drop in price will constitute a Structure Break - Strategy-to-buy (DYOR) – Suggest waiting for price to recover above the short-term resistance

AngusMcK

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.

TRADER-WANNA-BE

ENTRY: 15.48 SL: 54.90 TP1: 57.63 TP2: 59.30 - ADX<20 - RSI>50, RSI<70 - Daily RS -ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD -ve - Breakout with high volume above previous high and HVN, but prefer a better closing

TheTradingBay

Entry: 56.50 Stop loss: 55.19 Went long after it broke out of its previous high after some consolidation with good volume. 3 SMAs are trending orderly.

TheCoinsofCharon

Hi all, Find your entry. Enjoy!

rutt

Key Technicals - Cup & Handle Pattern, buying on breakout of cup (above average volume) or retest of cup line as resistance becomes support. Key Fundamentals - Strong management along with one of the strongest balance sheets(ASX TOP 50) according to AFR.

fredpui

Using Gann's theory, watch for 30, 60 and 90 days cycle. You can see from my dates noted on the turns, Wesfarmers has been turning on 19th of every month as shown in the chart. Also another to support this turning point, from the March 19 low to the top on April 19, it's 31 calendar days, and another 30 days down to 50% retracement - May 19. Should be...

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.