AOK 0.00% 0.3¢ australian oil company limited.

chart, page-126

  1. 7,365 Posts.
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    AOK reached support level of trendline of 11.5c and bounce off it. The MACD histogram is shortening and MACD is turning upwards towards the golden cross, all in all something for all of us here to look forward to. Despite the chart painting a better picture it is lagging a long way behind the fundamentals.Compared to last year, AOK is miles ahead in production and cash flow, it is going towards self funding for its wells. If the extra cash cannot be put to better use, buying back the shares and cancelling them is a way of ensuring that the SP is what the company is worth.DYOR/IMHO and adding to my position
 
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