Always good buying at 59 cents eh Balance
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Momentum trade is in play right now (has been since early March), well done anyone who bought the bottom, though we're past that right now. 50EMA stalled out OCA yesterday, but opened at it today and put on a few cents above. Momentum trade is in play, right now. Resistance above at .66 -.67 and if that breaks, the 200EMA at about .70 and then the range resistance .74 - .80.
Plenty of sector positives emerging (ref ARV today), this could run, and it is the cheapest, smashed below NTA or any other metric you choose.
Still happy getting some in the .6's maybe even .7's but after that, if it happens ... reckon you're chasing it and missed the ... wait for it ... 'inflection point'.
LOL :t_up:
ARV had a strong second half of year sales wise and a boomer 4th quarter (March Qtr)
They also said….”Into the new financial year there is good momentum with almost 40% of resales inventory at March end sold”
Expect good numbers from SUM on March quarter sales next week
Seems really positive momentum selling stuff in the sector so Oceania should report some really strong numbers in May …it’s all looking good
It’s all about sales sales and even more sales these days
Arvida reported a 11% increase in new sales for F24 v F23
An extra 21 units
But in spite of the increase in numbers realised gains ($ margin) was the same as F23
Hope OCA do better than this …like sell more and make more
Great win Warriors…..thrashed the Rabbitohs 34-4. Bigger win than expected. They are getting better with every game ….real momentum building.
League legend Gorden Tallis said the other night the Warriors are the “real deal”. That’s a heck of an endorsement. Many are convinced that Oceania is the “real deal” as well.
So Warriors on a roll. Momentum is building. BaaBaa said Oceania got momentum at the moment as well.
So all going good …..this is our year
C’MON OCEANIA …..UP THE WAHS …..this is our year
Missed the game so needed to check the score. Quickest way is to check the OCA thread lol.
Looks like a good win
Sure is! Up over 18% already from the lows, like who would've thought OCA would get down to $0.55 late Feb, wasn't that a gift. OCA put in 3x average volume on Friday, probably encouraged by the ARV sales results.
Sales sales sales, and not long to wait now to find out. SUM reporting in-between, they have made a habit of smashing sales. The secret sauce of RV's, develop, sell, resell, resell, resell .. ad infinitum.