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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WOR
worley limited
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Last
$13.96 |
Change
-0.025(0.18%) |
Mkt cap ! $7.191B |
Open | High | Low | Value | Volume |
$14.13 | $14.17 | $13.93 | $7.293M | 517.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 1596 | $13.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.96 | 2238 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 2086 | 13.950 |
21 | 3878 | 13.940 |
24 | 4056 | 13.930 |
15 | 3513 | 13.920 |
11 | 4630 | 13.910 |
Price($) | Vol. | No. |
---|---|---|
13.960 | 1756 | 20 |
13.970 | 2771 | 21 |
13.980 | 2410 | 13 |
13.990 | 4498 | 12 |
14.000 | 3117 | 11 |
Last trade - 15.28pm 19/09/2025 (20 minute delay) ? |
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WOR (ASX) Chart |