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19 July 2017 (TheAge) – Wellard shares hammered as weak Asian demand hits cattle exports

[COMMENT: Any reasonable trader/investor who likes to protect their capital would surely have had a Stop Loss exit ready for this stock (in fact all stocks), and actually exercised it. Since listing in December 2015, the share price has seen a continual downtrend (and we know from Dow Theory that a confirmed trend is likely to continue.]

(19 July 2017, The Age, BuseinssDay, p29, AAP)

‘Shares in Wellard lost more than a quarter of their value on Tuesday after Australia’s biggest cattle exporter warned it would sink further into the red as high prices for local cattle weighed on demand from Asia. The stock dived as much as 28.21 per cent to a record low of 14¢.’

Read more at TheAge.com.au

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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