WES - Wesfarmer
by, 10th-August-2009 at 12:11 PM (874 Views)
** WES is rebounding with a bit of oomph this morning, worth a look for either a short term trade or for longer term position play. It is also a divi play, usually going ex around this time of the year. Attached are the longer term daily chart showing the rebound at support, and a 10-min chart showing short term swing, 25.50 will be about 50% fibo retracement from the recent low.
** holding a small position.