Time to close out the remaining WES short and lock in the gains

Closing out (Buy back) the remaining WES short alert ‘At Market’ up to 45.70 (Current price 45.65).

Alert is now closed and remaining gains locked away at 45.64.

 


Previous Alert 26/10/18

Current Active Alert Management WES

 

Time Frame : Daily

Sector : Food & Staples Retailing

 

WES – Wesfarmers Limited

WES continues to push lower but we do expect to see buyers put up a fight soon as price is extended lower. Happy now to lower the remaining stop loss level to 46.85 (tighten up risk) and watch the action play out. Will watching to see if price can spike to 45.00 to potentially close out…but we will see.

 

Stock Code : WES – Wesfarmers Limited

Company Website : www.wesfarmers.com.au

Current Price : 45.84

Previous Sell Entry Level (Trigger Level) : 50.35

New Remaining Buy Exit Zone (Stop Loss) : 46.85

Previous 50% Partial Exit (Target) : 48.10

Status : On watch for continuation lower

 

 

 


Previous Alert 15/10/18

Current Active Alert Management WES

 

Time Frame : Daily/Weekly

Sector : Food & Staples Retailing

 

WES – Wesfarmers Limited

WES is still heading in the right direction although we see buyers stepping in today against the overall flow of the ASX200. We are happy to tighten up on the remaining risk and lower the stop loss level to 48.00 just above Fridays high. News out today was positive so we may see buyers start to build into the action.

 

Stock Code : WES – Wesfarmers Limited

Company Website : www.wesfarmers.com.au

Current Price : 47.32

Previous Sell Entry Level (Trigger Level) : 50.35

New Remaining Buy Exit Zone (Stop Loss) : 48.00

Previous 50% Partial Exit (Target) : 48.10

Status : On watch for continuation lower

 

 


Previous Alert 12/10/18

Current Active Alert Management WES

 

Time Frame : Daily/Weekly

Sector : Food & Staples Retailing

 

WES – Wesfarmers Limited

WES is heading lower in the right direction as sellers take control to apply the pressure. We are happy to lower the stop loss level to 50.40 to lower the risk and will look for a partial exit around the 48.50 zone.

 

Stock Code : WES – Wesfarmers Limited

Company Website : www.wesfarmers.com.au

Current Price : 48.93

Previous Sell Entry Level (Trigger Level) : 50.35

New Buy Exit Zone (Stop Loss) : 50.40

Potential 50% Partial Exit (Target) : 48.50

Status : On watch for continuation lower and a partial exit

 

 


Previous Alert 14/10/18

WES triggered the Sell Entry Level at 50.35 as price pushed lower into the close.

The Stop Loss is held at 52.50.

 


Original Alert 5/9/18

New Sell Entry Alert WES

 

Time Frame : Daily/Weekly

Sector : Food & Staples Retailing

Key Stats : $58.37 Billion Market Cap, VWAP 50.906, ASX Ranking 7, 4 Week Av Turnover $116,690,163, Todays Current Turnover (intraday) $49,112,643, PE 48.6, Div Yield 4.33%.

Company Overview : Wesfarmers Limited (WES) is a diversified business operating supermarkets, department stores, home improvement and office supplies, resources, chemicals, energy and fertilisers, and industrials and safety products. WES is headquartered in Western Australia.

Broker Consensus : SELL

 

WES – Wesfarmers Limited

WES is coming under pressure after a strong run up with the ASX200 rally from the start of the year. We are now happy to sell with a push down through 50.35 and will hold the stop loss at 52.50. If price goes up through 52.50 prior to entry, we will cancel the alert and re-assess the action.

 

Stock Code : WES – Wesfarmers Limited

Company Website : www.wesfarmers.com.au

Current Price : 50.81

New Sell Entry Level (Trigger Level) : 50.35

Potential Buy Exit Zone (Stop Loss) : 52.50

Status : On watch for a Sell entry trigger