AOK 0.00% 0.3¢ australian oil company limited.

Today, we have reached the point of a descending triangle...

  1. 451 Posts.
    Today, we have reached the point of a descending triangle started on the 19th of March. There is one direction the SP would go, either up or down, it is likely to be a breakout. The RSI is at 30, an indication that the shares have been oversold at this level.The MACD has reached .005 and is leveling out, if anything is starting to climb upwards. If I have to make a guess, it is bouncing off the bottom here and good reports next week may change the direction from here. Good luck holders.
 
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