Some price action notes on Wesfarmers (WES.AX)

The text in the chart below says….

$45.30 in Wesfarmers would signify
and coincide with the stock price;

1) touching 2.5 standard deviations below its weekly mean,

2) meeting its 200 week moving average and

3) registering a Weekly Oversold reading in the Relative Strength Index (RSI).

June 1, 2022

by Rob Zdravevski

rob@karriasset.com.au