Over shot my target of $28.19 but I thought it was going to hit that earlier than last Thursday. I must admit I was concerned that the sp did not even make it to the top trend line on the run up last week. I didn't want to post but to me it was an indication that the results were not that positive. In saying that the results were great but "For the year ahead, analysts on average were expecting its profit to fall about 3 percent before the result was released, forecasting its margins would come under pressure." & warned that repeat performance in fiscal 2010 was unlikely."
I am still bullish on WOR but looks like there will be some consolidation in this current range imo. As long as POO stays stable I can't see why WOR won't hit the top of the range again. $30 is unlikely for sometime as I have predicted over and over in the last 3 or 4 months.
Notice how the sp didn't quite make it down to touch the trend line this morning. It may head down again to touch it at some stage today, if so that would be a bullish entry imo.
chart, page-43
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Last
$14.07 |
Change
0.160(1.15%) |
Mkt cap ! $7.422B | |||
| Open | High | Low | Value | Volume |
| $14.09 | $14.17 | $13.95 | $14.57M | 1.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5271 | $14.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.12 | 1626 | 4 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WOR (ASX) Chart |