WOR 1.51% $14.76 worley limited

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  1. 9,861 Posts.
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    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 :))))

    Photobucket


 
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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
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Last trade - 16.10pm 12/09/2024 (20 minute delay) ?
WOR (ASX) Chart
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