WOR 0.82% $13.89 worley limited

ewl,Trading a little better today but still not out of the woods...

  1. 8,883 Posts.
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    ewl,

    Trading a little better today but still not out of the woods imo. I have identified $11 as strong support going back to Nov/Dec 2005 where the sp closed on this figure several times. It was also the low on Friday 21st Nov, the day before the lowest low(recently) on Monday 24th Nov $10.62, indecently it also closed on $11 that day. So imo if it breaks $11 it could be in strife but $10.62 is the real danger.

    I guess for tomorrow it is really in the hands of tonights action on the DOW but if the DOW doesn't tank then WOR should hold $11 imo, $11.26 is also the low & close of Dec 5th so another key figure to watch for. I'm glad it held that price today as it was looking shaky there for a sec. A couple of green days on the ASX next week should take it out of the danger zone.

    My tip is that it will close on $11.82 today. All IMO
 
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