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 :))))
- Forums
- ASX - By Stock
- WOR
- chart
chart
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WOR (ASX) to my watchlist
|
|||||
Last
$14.55 |
Change
0.090(0.62%) |
Mkt cap ! $7.675B |
Open | High | Low | Value | Volume |
$14.67 | $14.67 | $14.43 | $22.99M | 1.583M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4326 | $14.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.55 | 9374 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1498 | 14.500 |
1 | 900 | 14.490 |
1 | 900 | 14.480 |
1 | 700 | 14.470 |
3 | 2535 | 14.460 |
Price($) | Vol. | No. |
---|---|---|
14.550 | 6913 | 5 |
14.560 | 5382 | 1 |
14.570 | 5382 | 1 |
14.630 | 2000 | 1 |
14.660 | 2000 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
WOR (ASX) Chart |