Michael **le of Fairmont Equities reckons that with a chart like below, he is ready to make a sell rec on WES:
Chart: Share price over the year
We previously warned about a threat from a resurgent Woolworths and increased competition. With the chart showing WES was unable to sustain a rally in good times, it was sold off heavily several weeks ago. There’s a little support at recent levels, providing an opportunity to sell into a short term bounce. Once support breaks here, we’re looking at WES hitting our previously mentioned downside target of $34. The shares were trading at $41.41 on November 23.
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Last
$65.34 |
Change
0.060(0.09%) |
Mkt cap ! $74.10B |
Open | High | Low | Value | Volume |
$65.08 | $65.34 | $64.78 | $55.23M | 846.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 110 | $65.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$65.34 | 325 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40 | 65.120 |
1 | 30 | 65.100 |
1 | 1155 | 65.050 |
1 | 4318 | 65.000 |
3 | 4660 | 64.960 |
Price($) | Vol. | No. |
---|---|---|
65.350 | 5118 | 2 |
65.390 | 4318 | 1 |
65.410 | 5000 | 1 |
65.450 | 868 | 1 |
65.490 | 860 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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WES (ASX) Chart |