OAK 0.00% 6.8¢ oakridge international limited

XPE Charts, page-855

  1. 17,082 Posts.
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    Hi folks,

    After the big 2 days run, our parabolic Daily Chart needed a rest....  I am very pleased that I've used all day charts with FIBONACCI retracements....
    Otherwise I would most likely have bought in at 0.072c or even 0.07c... Which I've hold off....

    I do believe that we might see couple of scenarios here:

    On FIBONACCI,  The 50% retracement is at 0.066  and 61.8% at 0.062   very very likely before any bounce....

    On the "mini" GAP at 0.064-0.065  it is also very likely to bounce...

    Our second LONG WHITE candle is still very powerful and even thought we had a pretty LONG BLACK candle, we could open at lows... hover around finding the bounce and finish the day with a positive WHITE CANDLE.

    If that happens, we are most likely to see a close of the day at around 0.069-0.070.

    0.07 cents will be our next resistance turning to support from now on.....

    I have 3 buys lined up..... obviously at 0.066, another at 0.064 and last at 0.062.... I will definitely get one of them tomorrow... or 3 !

    A word of advise, DO NOT BUY WITH IMPULSE.... especially if reading stock forums.... that's how people get burnt or buy at a much lower desired level.... DYOR, GET YOUR OWN FEEL FOR IT, TRUST YOURSELF, and STUDY your ENTRY and EXITS..... BE SMART.....

    There is an ALGO that will play tomorrow.....  They are canning but harmless.... have your bids lined up....

    GLTA

    T10

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