OVT 25.0% 0.5¢ ovanti limited

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  1. 5,024 Posts.
    lightbulb Created with Sketch. 5059
    Look it’s your money so you’re obviously free to make/lose it however you want, but to be frank you’d be probably the 50th person on these threads to claim the price is being manipulated by big players accumulating, yada yada, from 40c down to where it is today. It’s an easy theory to disprove but people stubbornly stick by it (because the alternative is accepting that it’s simply a retail-held stock being sold down by people gradually losing faith).

    I remember there was one guy posting Wyckoff charts and claiming “30c soon” on an almost fortnightly basis and mocking anyone who dared disagree (he’s disappeared now, understandably). So, be cautious with your theory. Lots of others fell by the wayside nursing some nasty losses. It’s a retail held stock, that gets occasionally pumped by traders. The chart says it all. Good luck.
    Last edited by mondyinvest: 12/07/22
 
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