tradersams blog

wor open

WOR:  Opened a position in Worley Parsons today at $27.25.  Looking for a bounce on the climbing trendline.

I intended to get in on the bounce about a week ago, but missed the chance.  Entered todays position on the market open.

Its a down day and slightly below the trendline, so this might be a short trade.  Also there is a resistance zone a little above.  Lets see how this goes.