Our Algo Engine generated a buy signal in Wesfarmers into the ASX close on Friday at $44.40.
This “higher low” pattern is referenced to the intraday low of $43.70 posted on May 10th.
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We see value for investors emerging in the $44.50 range.
Following the spin-off of Coles, look to sell covered call options to enhance the income return.
Wesfarmers
