Wellard Limited (WLD.ASX)

5 September 2018


Technical Summary: Whatever your time period it is is a pretty disappointing picture for holders of WLD. The stock has moved from the top right of the screen to the bottom left and give substance to the saying,
“no matter how low something is it can always go lower”. For these reasons there is no particular trend of
mean reversion play here and most technical traders will simply move on to the next stock. So there is
nothing really to do here unless you are making a play on fundamental or valuation reasons.

Stock finds new lows as fed up holders get out

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