Hi furniture Im one the very clever traders who bought EXT at 80c and sold at 1.20 and they went to $11 quickly. Have never forgotten that dumb move, I held a LOT of them ! Im showing a very healthy profit with AOP being 60% of my portfolio. Sold all my dead stock last week and bought the the last of my holding @ 1.7 whilst it was still there.
Im not selling, there is something very exciting about this stock particularly from a T/A point of view.
Just a few things I have noticed.
RSI is 75. (bearish below 30 , bullish above 70) stochastic just turned back up and crossed resistance line.
Now usually traders will buy at RSI 30 and sell at 70 especially when this coincides with a downturn in stochastics. This is exactly what happened at huge volume 1.7
However AOP is a super bullish stock . It pushed through this resistance and will now continue north.
If it was going back south it would have happened on friday. Its also extremely unusual to have 2 big volume days a few days apart. F/A ticks management for me they appear solid and some great reading if you go through MR asias posts.
Im on for the ride, the most exicting stock in my portfolio, they are hard to get !
AOP Price at posting:
57.0¢ Sentiment: LT Buy Disclosure: Held