WES – Wesfarmers Ltd

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:
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WES

 В 

Wesfarmers Ltd

 В 

Food & Staples

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ASX Top 20

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Commentary:

Wesfarmers Ltd works well in back-testing with Dow Theory, provided there is no trend line support or resistance in the way.В  Using this approach, WES is still in a confirmed up trend.В  An exit signal would be at $26.73 (the previous trough), or a Dow Theory exit.

The back-testing results for WES are a solid 60% win percentage, but a staggering 7.09 to 1 profit to loss ratio.

Click the chart below to enlarge:

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Previous Trend Changes:

Nil

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

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