It is important to note that during the entire month from May high of 70 $ to its fall to 50 $ in July, the price of oil was around the high 140s.
However, the WPL price was going down because the stock price is already factored in with whatever oil contract price WPL has entered into its contracts.
Also sector rotation into financials made the stock lose its value.
However, at 49.50, the support came in a huge manner and this would not go down below this value. Though oil trend is down for the short term, WPL would go north and in the medium term $ 75 can be easily expected.
I am not a financial advisor
Sara
- Forums
- ASX - By Stock
- WDS
- double bottom formed
double bottom formed, page-9
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WDS (ASX) to my watchlist
|
|||||
Last
$28.94 |
Change
0.100(0.35%) |
Mkt cap ! $54.94B |
Open | High | Low | Value | Volume |
$29.20 | $29.26 | $28.86 | $116.3M | 4.011M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 16692 | $28.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.94 | 2904 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 28.910 |
4 | 8704 | 28.900 |
1 | 1000 | 28.880 |
1 | 1 | 28.860 |
10 | 14680 | 28.850 |
Price($) | Vol. | No. |
---|---|---|
28.960 | 662 | 1 |
29.000 | 498 | 2 |
29.010 | 2042 | 1 |
29.030 | 941 | 3 |
29.040 | 4100 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
WDS (ASX) Chart |