Technically it looks a sell ... its chart has broken down and it has had the proverbial "dead cat bounce".
However, ... looking at the fundamentals ... and given the long term benefits of the "China LPG deal" ... its Mauretania exploration play ... its exposure to profits should the world oil price continue to rise ... its excellent exporation acreage etc etc .... the stock looks a sound long / medium term buy - especially a few years down the track.
It's the old "technical Vs. fundamental" conundrum .... coldly follow the "chart" or be influenced by "reasoned anaylsis" on the basis of long term fundamentals.
I guess it all depends on your time-frame.
I am happy to be long term holder of WPL - although my chart tells me I might be in for some short term pain.
It's all a question of one's investment philosophy, I guess.
Woodside - buy or sell?
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Last
$28.21 |
Change
-0.040(0.14%) |
Mkt cap ! $53.56B | |||
| Open | High | Low | Value | Volume |
| $28.53 | $28.57 | $28.21 | $128.2M | 4.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 63674 | $28.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.23 | 18595 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WDS (ASX) Chart |