The $50 level for POO should offer some decent support..
Part of the reason there is an active bidder on WOR right now is they would believe the base is in for POO
Chart wise, sure WOR could dip even back to $7- based just on a bear run or Oil commentry or Commodity rout.
But I think the risk is to the Upside, any shockwave could see WOR back over $15 and testing 20-30 a share if Oil takes a run.
The hype on electric cars creates more pollution to create the batteries and rare earths than fuel burners do.
Plus the support that US car makers will get making mostly fuel burner Cars.
So Oil will be back at 100 bucks in 2 years, and WOR over 20, and that could even happen before Christmas.
The bull run hasnt even started in 2017 on the asx yet, US markets are on upside breakouts,
1st year for a New President is usually a Bull year, Markets in correction mode now,
April will be back in the Green on Markets IMO
The $50 level for POO should offer some decent support.. Part of...
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Last
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13996 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 2900 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
