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Worley cycle in 7 weeks to 23 weeks 70% accuracy. Possible retest of trend line
24% take profit , nilly ready to activate , put on watch list
Looking for a trend reversal on this oil services company. Been in the doghouse for a fair while. Needs a proper deflea-ing. Lets see if they want to take it up through 11 on volume.
Last Night oil prices drop 3.1% just due to trade war concerns, this is why I'm looking into WOR. On the TA side, the weekly prices are below the 13 and 50 ema with the confirmation on the MACD as well. The daily price it looks like it got rejected by the 50 EMA with the confirmation on the Stoch. Looking for quick scalp below $13.37.
Great trade today, before the market i was looking for a short. The reason why is because of the daily the price is below the 13 and 50 EMA and the weekly is doing the same thing with the confirmation with the MACD bearish slope. I place this trade on the 5 min with the confirmation on the 30 min chart. would keep an eye on it next week. Happy weekend
Worleyparsons setting up for a potential long position.