Just taking the p*ss again? Or would you mind showing us where you possibly could see a head and shoulder pattern in the OCA trend chart?
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That head and shoulders on HGH was a ripper and anyone who bought at the bottom should give themselves a big pat on the back.
Attachment 10471 Looks to me like most of the damage has already been done.
OCA broke down through 100 day MA support at $1.15. I should have taken more notice. Long term, no issues, short term I struggle to see what the near term catalyst is for a rerating especially with the Macquarie ovferhang ?...not worried though because for me this is a long term holding.
The Choppiness Index suggests price action is rather trendless at the moment.
The OBV (On Balance Volume) indicates a consistent sell down of late....just as well the likes of BP and others are in the market buying up .....or that H&S pattern might develop pretty quick :t_up:;)
Beware, though, of the overactive imagination! ;)Quote:
“Imagination is more important than knowledge.”
Accept that OCA's shareprice will jump around until Maq's signals its further intentions for its holding.
Very profound of you macduffyQuote:
“Imagination is more important than knowledge.”
I agree with you as they say a person without imagination is like a teabag without hot water.
I’d rather have an overactive imagination than be like that