WPL – Woodside Petroleum Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use



Company Name:



Confirmed Trend:



Woodside Petroleum Ltd




ASX Top 50



With two closes below the up trend line on a weekly chart, Woodside Petroleum has confirmed a down trend. 

As WPL works well with trend lines, ideally we will see two closes above a new down trend line for the down trend to be wrong.  However as a fail safe, a close just above the previous peak at $50.00 would signal the down trend was wrong.

Click the chart below to enlarge:

Previous Trend Changes:


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January 29, 2010  Tags:   Posted in: Research On Australian Stock Trends

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