Australias Wesfarmers Looking Very Oversold On Earnings

WES has had a nice steady run this year but has had a pretty good pullback to a support area on earnings.

Be worth keeping an eye on for a bounce from here.

Kommentar:

How To: Risk Management - A Trailing Stop Loss of 8% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.

Kommentar:

WES really got belted. Has fallen back to next level of support. I think it "should" bounce from here, but never know.