AOK 0.00% 0.3¢ australian oil company limited.

chart, page-101

  1. 7,365 Posts.
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    Thanks andres,my chart shows the first resistance level at 13c and then 15c. Recent sellers came down from 12.5 and 13c to sell down at 11.5 and 12c and had been absorbed by buyers. This thin the sell side right out, a well come aspect of the recent sell down.I also note the strong support at 11c build up and continues up to 11.5. New buyers are now coming in at 12c which is still cheap considered what AOK has achieved in terms of production and new wells. Fingers cross, we will go fast this time around as momentum build up.Don't forget the horizontal with Range resources which will only add to AOK's production volume.
    The SP of AOK has broken out from the triangle today which is a very good sign. With reports coming through at the end of week or next will help give the SP a push. GL holders.
 
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