WDS 1.16% $28.84 woodside energy group ltd

First level of support is 45ish then to 41.5 to 42 area if Wall...

  1. 435 Posts.
    First level of support is 45ish then to 41.5 to 42 area if Wall St goes south. I think Wall St has high chance of going south given this week earning disappointments and 100 S&P500 companies reporting next wk, and most traders taking profits before the long weekend.

    But Woodside has Tuesday quarterly report and Wednesday AGM as well. But I think it will just report usual low volume but high revenue due to high POO. if AGM reaffirms no one bidding it, I think stock will slide to 45ish even to the second level support area.

    Given all uptrend exhaustion of global indices and Goldman sachs call on commodities especially oil, I think it's time for WPL holders to cash out before long weekend.

    Good luck. I short this stock from 50 and still shorting.
 
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