OAK 0.00% 7.0¢ oakridge international limited

XPE Charts, page-2808

  1. 17,111 Posts.
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    Hi folks,

    Only IMHO:

    So we did have a great run since the 09/5 until the 27/05.... It is really an amazing run so far.....

    Looking at the Daily Chart and comparing it with the Weekly Chart, it seems that we have not much of a difference here.....

    Both have interesting bursts of runs and look very bullish so far...

    But, I do see some over run / parabolic effect on both charts.....   I do believe that we will need "SUPPORT" as "BUY INs" next week if we do not see an announcement....

    Reading the latest 6-8 announcements, we could have some news very soon.... and I do hope for the CHART sake it is next week..... if not, I do believe it will come the week after as per the following:

    ...."The Company would like to advise that due diligence is progressing well and both parties have agreed
    to extend the due diligence period by a further 14 days. As a result, the period to negotiate the formal
    Share Purchase Agreement will also be extended by a further 15 days."......  20 May, 2016

    Both Daily and Weekly charts look pretty similar to me...... only the RSI is showing a higher degree of overbought on the WEEKLY.... which is very unusual...... and it signals a probable change in candles if there are no positive signs of news or support "BUY IN's" for the week.....

    DAILY CHART:



    WEEKLY CHART:





    We have been very fortunate with a great 3 weeks run..... the question here is, are we going to continue it or are we going to have a "HEALTHY" consolidation......

    There is a service meeting early Monday morning...... and another on Wednesday....

    I wonder what "CONFIRMATION" candle we are to see end of next week.... 4th of June....

    Have a great weekend all....

    GLTA

    Cheers

    T10
    Last edited by trader_10: 28/05/16
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