WDC – Westfield Group

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

 Confirmed Trend:
 

WDC

  

Westfield Group

  

Real Estate

  

ASX Top 20

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Commentary:

Westfield Group has confirmed a medium term down trend, using trend lines on a weekly chart.  It has crossed below the up trend line, and closed below the previous trough.

Using this method in backtesting, WDC has yielded a 65% win percentage, and a 3.50 to 1 profit to loss over 22 years.

Click the chart below to enlarge:

Previous Trend Changes:

   – June 2009, Trend Line Entry Signal at $11.37

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February 1, 2010  Tags: , , , , , ,   Posted in: Research On Australian Stock Trends

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