weekend charting , page-5

  1. 5,279 Posts.
    COK - Looking very good

    DAILY

    *Largest volume on a 2nd largest green candle in 2 years.
    *Comes after stochastics in record low oversold position.
    *Breaks hard off 2sd lower Bollinger.
    *Closes above 20 day ma
    *Close on it's high.



    INTRADAY

    *Closes on highest volume for the day
    *Walking the upper Bollinger Band
    *I followed the arvo action. Bids were very rarely sold into. A good sign that the action will continue on Monday



    Target - Who knows. However I do think there is much more to come. I believe that with the optimized feasibility study released yesterday, the market has begun to adjust it's pricing based on risk reward towards something far more realistic. NPV doubles to over 1B. Capex reduced by $100m. Market cap now at 10c........$100m!
 
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