OAK 0.00% 6.9¢ oakridge international limited

XPE Charts, page-5184

  1. 4,703 Posts.
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    As Stefanof mentioned, i think it is valid to include the old chart to some extent if the technology was still there and it was being talked up. The recent derisking elements just add to the appeal, but even generating a shorter term chart, there definitelyw as a sharp drive up the mountain, and we're clearly on the descending side. It is a small timeframe chart, so if you only look at the last couple of months then obviously this could look completely different zooming out on it in 6 months if we see a shoot up to 20c and above for example. Then again what chart can't suddenly look 360 degrees different at times like that?

    Undeniably looking at just what we have now, it is in a down trend. And as someone responded above, yes there's some steam taken out by those who aren't trading the stock or who have moved onto other opportunities.
    The issue is alot of retail holders who, ironically blamed movements on traders i.e. on the inability to break past certian points, or on driving down the prices on some days, actually owe alot of that initial drive in share price up to the traders. THat buyer/interest in the breakout probably inflated one too many retail holder's heads that FA was king and there was only one way: UP, after all when you have a straight shooting upwards chart and this fundamentally too good to be true/sell out story, the emotions just play on themselves. Now as we see this low volume, the share price is normalising and traders and those who got out when they wanted to have passed over their shares to those strong hand retails at 9.8, 9.9, 10c who were dreaming of reaching the moon tomorrow.

    Then again, hats off to those who play for money and not emotion. The prospect of this chippie announcement and a rocketing price makes for a whole herd of blind with emotion retail holders, who create the support /churn for traders to get out.
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