OAK 0.00% 7.0¢ oakridge international limited

Nice post @GoodNewsEverybody I like the way you articulate the...

  1. 25,374 Posts.
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    Nice post @GoodNewsEverybody

    I like the way you articulate the degrees of objectivity into current direction and potential price valuations
    Its simpler for me just using trendlines....and then perhaps looking at the momentum and volatility ranges for confirmations and trade triggers....

    an example may be last nights close where we have a crossing of the Stochastics and down trending of the Relative Strength Index .Its an indication that the price was soft and unsustainable volumes to hold it up...It further broke previous support levels .....We also observed the Buy depth was stacked with Props, yesterday the Buy/Sell depths were approximately equal and today its some 3 to 1 to the sellers...So we have a down day...?

    heres what it looks like... I have drawn vertical lines through the last few times these similar technical triggers occured...
    xpe24082016a.png

    Heres the intraday of note is the slow momentum (urgency) in this decline....
    meaning it will take more momentum to break the support previously established at 55 imo..
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