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
$14.76 |
Change
0.220(1.51%) |
Mkt cap ! $7.786B |
Open | High | Low | Value | Volume |
$14.71 | $14.76 | $14.58 | $16.79M | 1.141M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1528 | $14.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.78 | 6280 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1528 | 14.710 |
3 | 7580 | 14.700 |
2 | 6280 | 14.680 |
1 | 6280 | 14.670 |
1 | 415 | 14.660 |
Price($) | Vol. | No. |
---|---|---|
14.780 | 6280 | 2 |
14.790 | 6280 | 1 |
14.800 | 1528 | 2 |
14.810 | 16640 | 2 |
14.820 | 8569 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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