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.
- Forums
- ASX - By Stock
- wes chart
Michael **le of Fairmont Equities reckons that with a chart...
Featured News
Add WES (ASX) to my watchlist
|
|||||
Last
$70.92 |
Change
0.720(1.03%) |
Mkt cap ! $80.43B |
Open | High | Low | Value | Volume |
$70.63 | $71.17 | $70.49 | $68.58M | 967.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2935 | $70.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$70.94 | 3898 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2935 | 70.750 |
2 | 323 | 70.670 |
1 | 3898 | 70.660 |
1 | 3898 | 70.600 |
1 | 3898 | 70.550 |
Price($) | Vol. | No. |
---|---|---|
70.940 | 3898 | 2 |
70.950 | 202 | 1 |
71.000 | 3971 | 3 |
71.020 | 323 | 2 |
71.040 | 2649 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
WES (ASX) Chart |