WES 0.35% $70.43 wesfarmers limited

re: wes: news re future prospects I think that the real estate...

  1. 5,784 Posts.
    re: wes: news re future prospects I think that the real estate sector sentiment might be the issue with WES sentiment. Well diversified I know - but you now have people like John Symonds (I like this guy - talks honestly even though it may hurt his own profit) and some bank employees now talking about over priced property and the mortgage default rates growing.

    Isn't a nice chart on WES - could rebound on a technical double bottom here (and good for a trade on such confirmation) compared to May.

    However, volume suggests more downside with potentially $28 - $30 a target.

    Do your own research - what would I know!
 
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