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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - riding the bollinger indicating strength?, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
AQO
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0.00% 27.5¢ ambassador oil and gas limited

riding the bollinger indicating strength?

  1. sandstone
    617 Posts.
    lightbulb Created with Sketch. 7
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    17/12/12
    15:40
    Post #: 11197917
    Something is happening behind the scenes in this little stock.....be it either takeover or getting the drilling plan ready for the 20TCF unconventional. But all I know is that the charts rarely lie.

    Below is the Weekly and daily charts. In my eyes they both are looking extremely bullish.
    Last week we bounced off the upper downward trend line (to the upside) on the weekly chart. And we are currently riding the Bollinger band to the upside on the daily chart.

    When stock continues to close outside the Bollinger band as it has been doing on the daily chart, this is a continuation signal. In other words, the shares are likely to continue trading in the same direction.

    When stocks ride this upper Bollinger it indicates strength!



    Price target anyone?
    AQO Price at posting: 18.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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