Yesterday's close of well below the $35.66 (ish) support level has been backed up today, with WPL down over 1%.kennas said:Agree, and yes, perhaps a shorting opportunity. Target on that is around $30 ish.
As always though, markets are a fickle thing. Hugo's decision might have more repercussions, or there might be a disruption in the Mid East tonight....Also, it breached $36.00 in Nov only to spring back, allbeit temporarily....
WPL's chart still looks rather depressing and uninspiring. Going on a 9 month downtrend and this may have even seen a top for this run due to the lack of volume. Compare this to the OSH and AED charts which look incredibly bullish right now.ice said:I'll grant you it's worked hard at hammering out a bottom but it hasn't confirmed the upside yet so it's very much in the balance imo.
Needs a solid push through 3780-ish sooner rather than later and to hold it at the close to gain a bit of momentum. Inability to do so will send all the wrong signals.
So far its reluctance to respond to rising oil is a bit like dragging a dog around the block. If it doesn't want to go for 'walkies' it's no fun for anyone.
ice
I was talking about MACD etc.Dr Doom said:Comparing WPL & OSH theres not much difference, percentage gain wise.
pacer said:I just went long at $37.82, 2000 shares....could have jumped out for a day trade on that rise but I am thinking on a 2 week outlook.....all is looking good for this one me thinks....
oil up, cold snap in the US, more bombs in Iraq.....it's all adding up...
You are kidding me right? 'Cos I'm laughing about that! You do realise there have been protests in Freo each week about Woodside's illegal actions don't you?Knobby22 said:Where were the reporters? (just kidding)
Woodside have the most pro-aboriginal policies of any Australian public company. There are many councils and states providing lip service but Woodside is doing its upmost to encourage the local aboriginals to get management positions in the company as well as aiding their education and deliberately creating jobs.
I have no problem with the aboriginals showing their support.
(OK indigenous peoples who we should thank at every public gathering, I so dislike lip service.)
chops_a_must said:You are kidding me right? 'Cos I'm laughing about that! You do realise there have been protests in Freo each week about Woodside's illegal actions don't you?
http://mc2.vicnet.net.au/home/dampier/web/vandal.html
Most companies don't destroy ancient art work either.billhill said:Hey i went to school with a few aboriginals who were heavily supported by woodside. A couple of them now work for the company. Good on woodside, its more then most other companies do.
Dutchy3 said:Price and Volume action Thursday and Friday last week is significant.
WPL will see 4000 before 3650 again.
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