Well not really much of a shock unless its goes under that magic 1 buck mark.
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Been exploring the South Island the last week or so. The day I left we had that shooting star candle pattern
That shooting star candle sure was bearish
I was just about to pop in this thread and remind everyone !!! Enjoy the South. I did that after the first lockdown it was great so glad I did now that my life has turned upside down.
NB edit I take no glee in share price falling, but obviously am pleased candlestick info worked out in this case since I was so strident about it
Candle today so far drawn in .
Attachment 12047
Still in a very nice uptrend and comfortably above the 30 day moving average which is way back at $1.21. I leave the abandoned babies, shooting stars and other micro nuanced tea leaf reading TA stuff to others. Happy to stick to the fundamental's and observe that the the clear up-trend is intact.
Disc: Very happy long term holder.
i think the price drop has more to do with global market movements than an alignment of stars. I am expecting a 10 to 15 cent pull back from 1.40. This share has a habit of selling off and rebuilding over a 6 month period. The last ones were attributed to MQ but i think it would have sold off at last half as much anyway due to the FA. I think this last move has a lot to do with an over headed property market. I think we have seen the rush to buy OCA for a while, there will be another bigger rush when and if the FA shows sales and profits.