OIL 14.3% 16.0¢ optiscan imaging limited

yea I like chart patterns and the kiss approach the ducks are...

  1. 1,271 Posts.
    lightbulb Created with Sketch. 59
    yea I like chart patterns and the kiss approach

    the ducks are finally in a row

    this business is a art not rocket science

    hey ya win some ya loose some

    The meaning behind the fallen wedge fits oil to a T

    Like most distribution
    patterns, the Falling Wedge is mostly about deception. There is every reason to believe that the stock is merely consolidating before making a new leg lower but a massive rally ensues. Falling wedge patterns always begin when a darling stock has fallen from favor. The initial weakness may be due to an earnings warning, a product delay, lawsuit or any number of negative developments but the impact of this news is always sufficient to lead most stock holders to panic. The result is what technical traders call a watershed decline -- a near vertical drop in huge volume.

    I say time to let it RUN buy low sell much higher

    I am going to add to a trading parcel next week ?



    oil double bottom.png
 
watchlist Created with Sketch. Add OIL (ASX) to my watchlist
(20min delay)
Last
16.0¢
Change
0.020(14.3%)
Mkt cap ! $129.4M
Open High Low Value Volume
16.0¢ 16.5¢ 15.5¢ $6.478K 39.93K

Buyers (Bids)

No. Vol. Price($)
1 30000 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 17733 1
View Market Depth
Last trade - 15.18pm 25/11/2024 (20 minute delay) ?
OIL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.