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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$13.92

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Last
$13.92 |
Change
-0.060(0.43%) |
Mkt cap ! $7.183B |
Open | High | Low | Value | Volume |
$14.13 | $14.17 | $13.92 | $46.88M | 3.361M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1478 | $13.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.98 | 11000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1478 | 13.910 |
2 | 1508 | 13.900 |
5 | 1970 | 13.880 |
1 | 217 | 13.820 |
2 | 1725 | 13.800 |
Price($) | Vol. | No. |
---|---|---|
13.980 | 11000 | 1 |
14.070 | 2500 | 1 |
14.120 | 1000 | 1 |
14.140 | 1000 | 1 |
14.200 | 6 | 1 |
Last trade - 16.10pm 19/09/2025 (20 minute delay) ? |
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WOR (ASX) Chart |