WOR has moved up strongly and powered through my target at $12.57 and could be heading for a secondary target at $13.86. However, it seems to be reversing off the resistance of the upper boundary of a possible price channel - this could just be a temporary pause or the start of a larger retracement.

WOR is in a short term uptrend after a downtrend into the Covid low of March. Price is above an uptrend line and making higher troughs and peaks (buy signals). With price coming off a recent low (March) this stock seems to have potential for a long-term trade using trendline trading techniques as expalined in my educational material.

WOR 27Nov20


Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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