WES is showing a great example of a range trade opportunity

Potential Buy Alert

 

WES – Wesfarmers Limited

Stock : WES – Wesfarmers Limited

Current Price : 40.97

Status : Watching for higher low off support

WES has been long term range trading between 40.00 and 45.00 for over a year so support looks set to hold. Even though our style of trading is not range trading, this is a good example of a range based trade opportunity for a move up to resistance at 45.00. Watching for a break of the 41.15 zone and higher lows to take price up to resistance.