WOR 0.62% $14.55 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 :))))

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Last
$14.55
Change
0.090(0.62%)
Mkt cap ! $7.675B
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$14.67 $14.67 $14.43 $22.99M 1.583M

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No. Vol. Price($)
1 4326 $14.54
 

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Price($) Vol. No.
$14.55 9374 6
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
WOR (ASX) Chart
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