AOK 0.00% 0.3¢ australian oil company limited.

Nothing to worry about , it's at 50% fib of the previous support...

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  1. 631 Posts.
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    Nothing to worry about , it's at 50% fib of the previous support that the big volume occurred. Just some profit taking before moving higher. As I said prior I'm pretty confident this is the rerate we have been talking about. From a technical point of view it broke its all time doward trend since initiall ipo and dismantled its previous points of resistance. If it can hold 18c I'd be happy and worst case we have 16.5c as a backup . Notice no change in substantial yet, maybe other institutions are starting to back it??
 
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