A solid base of accumulation looks to have formed for WEG over 9 months now. This stock is however very (extremely) thinly traded. (80% owned by its British parent Associated British Foods) We're going to talk fundamentals on this one.

WEG has a low payout ratio of dividends. Consequently there is an accumulation of available franking credits which should put a floor under the stock price, and move it up were any announcement made. (Of course the price will move up prior to the news)

One to watch.