https://www.bing.com/videos/search?q...38DA&FORM=VIRE
Don't worry, we'll catch our break too...we just have to keep our eyes open :lol:
That bus ride is OCA at $1.08 in my opinion. How could you not get lucky :lol:
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https://www.bing.com/videos/search?q...38DA&FORM=VIRE
Don't worry, we'll catch our break too...we just have to keep our eyes open :lol:
That bus ride is OCA at $1.08 in my opinion. How could you not get lucky :lol:
Neighbour had to bail me up and asked wtf is going on with the OCA share price
I told him one guy said it’s a bit like Dumb and Dumber all this selling
Neighbour says he feels like Dumb buying at 121 but one of his bowling mates feels like Dumber because he bought heaps more than me
What could I say .....couldn’t really say ‘the trend is your friend’ could I so just told not too look at the price anymore and just think of it as a bad dream.
Don’t think that’s giving financial advise ...is it?
The whole up trend busted a few days ago, today the 200MA support fails and the both of the horizontal supports between $1.11 and $1.09 fail as well.
So you could imagine supports just about anywhere but I'm picking between $1.05 (green line) and $0.95 below that. Anyway, that's my accumulate range, hopefully before the Feb results.
Attachment 10201
OBV not looking too good either....heading downward since the Macquarie sell down.
Apparently a falling OBV reflects negative volume pressure that can foreshadow lower prices......and worse there’s currently no divergence with price. In theory volume precedes price but we haven’t got a bullish divergence yet, when OBV moves higher even as prices move lower. Something like that anyway is how Mr P explained it to me
Maybe the lesson is a simple one .....never buy off Private Equity
Volume weighted average price today was $1.0972 so perhaps lets not all get too carried away with this breaking completely down stuff.
Good thing about TA and FA together is your FA tells you when the company is trading at or below its lowest metrics, and TA never lies, it confirms that market sentiment is gifting you a great deal. Conflating those equates to an accumulation opportunity for high conviction companies. It really doesn't matter how far the market dump this, as you've repeatedly said it's a long termer, and the cheaper you can buy it and the more you can buy of it the better your long term yield will be. Think of it as a gift, the market is gifting you long term yield which is improving as the SP falls, as long as you can stomach the head share price fluctuations and take advantage of the opportunity.