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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WOR
worley limited
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Last
$13.32 |
Change
-0.090(0.67%) |
Mkt cap ! $7.037B |
Open | High | Low | Value | Volume |
$13.22 | $13.33 | $13.20 | $1.135M | 85.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1664 | $13.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.33 | 1486 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 202 | 13.310 |
12 | 2039 | 13.300 |
15 | 2286 | 13.290 |
18 | 4751 | 13.280 |
10 | 2502 | 13.270 |
Price($) | Vol. | No. |
---|---|---|
13.320 | 597 | 13 |
13.330 | 1750 | 11 |
13.340 | 1964 | 10 |
13.350 | 5581 | 9 |
13.360 | 6674 | 8 |
Last trade - 12.01pm 14/07/2025 (20 minute delay) ? |
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