TRADESETUP

May 17, 2019

Buyers step back in to the action and push price higher

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WOR Sell alert is cancelled as price kicks up through the 14.10 zone. Back to the drawing board to watch if price shows further weakness.

Original Alert 17/05/19

New Sell Entry Alert WOR

Time Frame : Daily/Weekly

Sector : Energy

Key Stats : $7.07 Billion Market Cap, VWAP 13.662, ASX Ranking 59, 4 Week Av Turnover $18,299,509, PE 29.2, Div Yield 2.02%.

Company Overview : WorleyParsons Limited (WOR) delivers projects, provides expertise in engineering, procurement and construction and offers a range of consulting and advisory services to the hydrocarbons, mineral, metals, chemicals and infrastructure sectors.

Broker Consensus : BUY

WOR – Worley Parsons Limited

WOR continues to come under pressure which we expect to see increase today. We are now watching for a sell on a push down through 13.25 with a sell limit down to 13.22 and will hold the stop loss at 14.10. If price rallies up through 14.10 prior to the entry then we will cancel the alert and re-assess the action.

Stock Code : WOR – Worley Parsons Limited

Company Website : www.worleyparsons.com

Current Price : 13.62

New Potential Sell Entry (Trigger Level) : 13.25 down to 13.22

Potential Buy Exit Zone (Stop Loss) : 14.10

Status : On watch for Sell entry trigger

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