Barnsty
The other day you asked for my opinion with regards to Worley regarding TA, and i apologize for the delayed response.
I do not hold Worley and dont trade the stock, i used to own them in the earlier days.
When trying to enter a stock that has been hit hard i try and look for key fib levels to have been completed as well as monthly,weekly and to a lesser degree the daily suggesting buy's.
You will note the first range down from the high has been taken to the 200% level at 1045 and no suprises that WOR got damm close at 1062. For me that would been a strong enough signal to enter at least for the bounce.
SO for now i would buy on weakness with stops a few points below the low of 1062. Now if the low is to be taken out the 505 could be possible ( doubt it though ) and that coincides with a longer term trend line coming thorough as well.
Monthly and Weekly indicators suggest buying, so i would treat the low with respect and buy the dips accordingly to daily indicators.
I also highlighted the old gap that was left in feb 07, in that the range down to this low, a 50% retrace up would put in in the gap again. If general markets rally into March 09 then i would expect WOR to play a role in that as well.
I hope this helps, trafe safe and in case you make a wrong choice use stops, it lets you have another go :))))
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Last
$14.14 |
Change
0.100(0.71%) |
Mkt cap ! $7.459B |
Open | High | Low | Value | Volume |
$13.99 | $14.26 | $13.88 | $26.48M | 1.875M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300 | $14.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.15 | 200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 14.120 |
1 | 2183 | 14.100 |
1 | 12453 | 14.080 |
1 | 2718 | 14.070 |
1 | 2450 | 14.060 |
Price($) | Vol. | No. |
---|---|---|
14.150 | 200 | 1 |
14.220 | 6298 | 2 |
14.230 | 1634 | 2 |
14.240 | 6298 | 1 |
14.250 | 6368 | 2 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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WOR (ASX) Chart |