chart

Worley is looking the goods atm imo. I suspect there has been a fair bit of residual selling recently and short term traders also having a field day but new investors & instos keep stepping up to the plate and driving the share price higher.

With the price of oil travelling in WOR's favour and not showing any signs of weakness I feel it is just a matter of time before at least $26 is reached.

Add to that the strength of the company's Global presence and it's new and ongoing extended contracts and Worely Parsons is certainly in a very stable position moving forward imo.


As far as the chart goes here is a 3 month daily chart with notes.