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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worley limited
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Last
$13.44 |
Change
0.090(0.67%) |
Mkt cap ! $7.111B |
Open | High | Low | Value | Volume |
$13.38 | $13.49 | $13.32 | $13.90M | 1.034M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 9497 | $13.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.49 | 1230 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9497 | 13.420 |
1 | 2786 | 13.410 |
2 | 2834 | 13.400 |
1 | 2980 | 13.390 |
1 | 3128 | 13.380 |
Price($) | Vol. | No. |
---|---|---|
13.490 | 1230 | 2 |
13.500 | 166 | 1 |
13.510 | 11034 | 3 |
13.520 | 500 | 1 |
13.560 | 848 | 1 |
Last trade - 16.13pm 15/07/2025 (20 minute delay) ? |
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CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
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