AOK 0.00% 0.3¢ australian oil company limited.

is it ready for a breakout?, page-19

  1. 7,365 Posts.
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    Looking at the size of the transactions, it is not mums and dads buying, it is more likely to be by some well informed buyers, akap. You have forecast a 50% retracement, why not a minor one like 38%? It may even be a run away breakout reading the frequent announcements from the company.It is developing into a U bow as from the 30th of march and running towards its recent high of 16.5c. before the end of the month hopefully. With inventory running low, the price of oil may even go up further than here in the short term.I am saying this observing from the side line as an inexperienced observer, however I based it on DL's valuation. Even allowing a discount for micro shares allowing a discount of 30% for them, even at 13c now, it is a long way from P1 of 29c as quoted in the BRR by the company lately. We have not even looked into P2=48C.I am waiting for the market to slowly absorbed all the information dispersed by the company and reflect them in AOK's SP. DYOR/IMHO
 
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