Wesfarmers Limited

WES @ 1 SEP 2021

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WES
- Previous analysis was done on 30 Aug -> suggested to wait for price recovery above the short-term resistance before any entry
- I also mentioned that any further drop in price will constitute a Structure Break
- Stock is currently trading at the 58 support levels
- Traders should execute their Stops once certain pre-determined prices are triggered
- Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs (HHs) and Higher Lows (HLs) to form first

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