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WESFARMERS LTDWESFARMERS LTDWESFARMERS LTD

WESFARMERS LTD

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WES/N trade ideas

(ASX): WES - WESFARMERS LIMITED || March 12, 2024(XDJ): CONSUMER DISCRETIONARY (ASX): WES - WESFARMERS LIMITED || March 12, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M). (Left chart): The broader context (1D chart) reveals that a previous wave 2-red has concluded, touching a low at 46.64, initiating wave 3-red to propel WES further upward. Upon closer examination of wave 3, I've counted waves ((i)) and ((ii))-green to have ended, with the low at 49.57 marking wave ((iii))-green of wave 3-red, indicating the onset of the third wave of the third wave. Now, wave (i) and wave (ii)-purple have ended, and wave (iii)-purple is currently unfolding. (Right chart): The short-term outlook (4H chart) describes clear and detailed subdivisions. It appears that wave iv-blue has completed at the low of 64.59, and wave v-blue is now unfolding. This outlook will be maintained as long as the price remains above the low at 64.59. If this forecast is accurate, I would anticipate seeing wave v continue to rise higher towards the immediate target at 68.99, possibly even further, such as at 71.75 as the next price target. (Alternative wave count for short-term outlook): Indicates that wave iv-blue has not yet concluded, having only completed waves ((a))-red and ((b))-red at a smaller degree. In this scenario, wave ((c))-red will continue to decline slightly before wave v-blue resumes its expected upward movement.
ASX:WESLong
by ShaneHua
Wesfarmer AustraliaSSI Live Trading Series Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
ASX:WES
by Sunstorminvest
WES @ 16 NOV 2021Text me if you have any questions/comments for me. ----- WES - Previous analysis was done on 1 Sep (red arrow) -> suggested waiting for a series of HHs and HLs - Since then, the stock tested the $54 support and has successfully broken through the short- and mid-term resistances - HHs and HLs are starting to form, and this is good - The stock is testing the $60 psychological resistance at the moment and a successful breakout looks to be around $61 - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting a successful breakout of the $60 psychological resistance before plotting entry
ASX:WES
by Jerm88