AOK 0.00% 0.3¢ australian oil company limited.

The highest point 16.5c was attained on the 21st Aug and the...

  1. 7,365 Posts.
    lightbulb Created with Sketch. 350
    The highest point 16.5c was attained on the 21st Aug and the lowest around then was 21st Aug at 12c. These 2 points extruded eastwards meeting at a point forming a triangle.
    The angle of decline to incline is 3:1 which is completely opposite to the presentation of the fundamentals.For the last 7 days, the SP was on 13c whilst the company's reports happened to be more bullish.The Bollinger Bands are tightening in that it has to give way any moment now.
    There is a degree of certainty towards the positive side, however the SP of AOK has no indication of that and if the break is on the southern end, then one can only assumed something sinster is at bay which we do not know about and it could be time to get out.
 
watchlist Created with Sketch. Add AOK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.