Good - now reflect upon why AKK may go up over the next few weeks.
- Review the MACD (shows a buy)
- Review the slow stochastic (volume movement building stronger)
- Review the relative strength index (heaps of upside before it is overbought)
- Review the oil price. Bouncing upward off the $40 area and showing that it will move between the $40- $42 area in the short term with a likelyhood it will move up a little bit more in the longer term.
- Review Alan Greenspan's comments on oil price and shale oil and the likelihood of multiple shale projects starting again due to a settling of oil price. (This is already occuring and AKK will be the first to take advantage.)
- Review the fact that AKK is in stage 2 of 3 of finishing its oil project and starting production with costs that appear to make it profitable at under $35.
- Review the fact that AKK obviously has a lot of upside potential with where it's SP is sitting at the moment. This shows it cannot exactly become to quickly overbought technically or psychologically. It recently sat at 1c only in June this year are you seriously going to tell me a trace back up to 1c demonstrating a 43% increase if bought in at 0.7c profit is impossible?
- Review the fact that AKK currently has a strong (and building) buy side bias as seen in its table showing concurrence to other available technical indicators.
Oh but hey AKK is going to take over the next three weeks aren't they?
You have both technical and fundemental positives coming up for AKK as well as impending good news stories in relation to stage 3 completion and oil production. You also have an increasing macro oil price.
Despite this, you guys are sitting there saying AKK's SP over the next few weeks is going to go down. Seriously - perhaps I am not an upramper and I have just done enough research to realise 0.8 - 0.9 is highly realistic in the short term.