OAK 0.00% 6.2¢ oakridge international limited

XPE Charts, page-7168

  1. 4,708 Posts.
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    One thing from TA and general market experience is that down trends are cemented as down trends for a reason. They always seem to be 'shake shake shakes' but rarely for such prolonged periods is a general downtrend wrong for a reason. Even if they are wrong, they're still indicative of a downtrend which is why one waits for a turn /indicator of an uptrend. Currently the chart looks like one sick downtrend , albeit not as bad of a pump and dump style of chart like IOT's looks. I trust its downward trending for a reason... part of the reason I'm sceptical of hitting the buys for an easy 5.2 entry as the interest has just waned, I don't think a t+2 buy/sell will have the same effect as back in the days when there was a dip, as volatility then swung back the other way alot faster.

    The lack of leapin news which was due abit back is also concerning... and yes,I agree that a stock with great potential fundamentals is still just that... we have a swag of company defining possibilities but in the end money speaks and as mentioned a million times - no revenue/deals signed, no reversal in the charts of significance.

    Hopefully we won't be another one of those speccies that fizzles into oblivion.
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