AKK 0.00% 0.3¢ austin exploration limited

@bruutz82 - TU from me because you tried and kept mostly to TA....

  1. 6,312 Posts.
    lightbulb Created with Sketch. 425
    @bruutz82 - TU from me because you tried and kept mostly to TA.

    To address the 1 area where (IMO) you've strayed but have acknowledged it could go either way is the macro oil environment. I truly think the macro oil environment per se has little effect on AKK share price because AKK produces so little hydrocarbons of any kind. Also, JIMO, I believe you are reading the macro oil environment incorrectly - the short term (say next 6 months or so) appears -ve with longer term positives occurring 2017. This of course has much larger effect on the large producer companies and the are large variances in their fundamentals.

    OK back to TA which is not my strong suit (but math & finance are).

    Bollinger Bands (BB): This I am familiar with, being it is just a SMA with (generally) upper and lower bands set at 2 standard deviations (SD). Not that stock prices are a normal distribution but 2 SDs from the mean value covers 95% of values. Also familiar that are a volatility indicator and useful for detecting double tops (M) and double bottoms (W).

    I see your BB are at the 20 SMA with 2 SDs.
    a) Would the complete lack of volume be a concern as to the signaling ability of the BB - since for a breakout to occur the price will have to cross the 20 SMA first (so needs to get above 0.7) and then go above the high band at 0.8?
    b)Would a trade a 0.5 (i.e. outside of the lower BB) signal breakdown?

    MACD: Also a passing familiarity given its relationship with MAs. Classic "signalling" indicator right?
    a) same comment wrt to volume - is that a problem?
    b) I probably have this backwards but, if you were in AKK already (so long the stock at the LHS of your graph), the clearest "signal" I see is the exit signal mid June. Was the confirmed also by the RS moving to -ve territory? The other couple of signals look "mild" to me. Note I'm just looking at the signal not the order queue (which may or may not be real??)

    RS: not so familiar with - other than momentum traders like it and it should be used more as a divergence indicator.

    The other comment I would make applies to your comment wrt "good investor behavior on the sell side can greatly assist a SP's strong trend upwards. Don't get bluffed out and sell". Would you really need that kind of emotive cooperation for TA to work for this stock? I understand what you mean by the line wipe at 0.7 and the possible emotional changes occurring.

    Good luck traders.
 
watchlist Created with Sketch. Add AKK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.