Well not really much of a shock unless its goes under that magic 1 buck mark.
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Been exploring the South Island the last week or so. The day I left we had that shooting star candle pattern
That shooting star candle sure was bearish
I was just about to pop in this thread and remind everyone !!! Enjoy the South. I did that after the first lockdown it was great so glad I did now that my life has turned upside down.
NB edit I take no glee in share price falling, but obviously am pleased candlestick info worked out in this case since I was so strident about it
Candle today so far drawn in .
Attachment 12047
Still in a very nice uptrend and comfortably above the 30 day moving average which is way back at $1.21. I leave the abandoned babies, shooting stars and other micro nuanced tea leaf reading TA stuff to others. Happy to stick to the fundamental's and observe that the the clear up-trend is intact.
Disc: Very happy long term holder.
i think the price drop has more to do with global market movements than an alignment of stars. I am expecting a 10 to 15 cent pull back from 1.40. This share has a habit of selling off and rebuilding over a 6 month period. The last ones were attributed to MQ but i think it would have sold off at last half as much anyway due to the FA. I think this last move has a lot to do with an over headed property market. I think we have seen the rush to buy OCA for a while, there will be another bigger rush when and if the FA shows sales and profits.
well my gramma is shocking. my history prof said id be a writer... i was shocked , my gramma did not put him off my essays...prob why my french is terrible, always forget which is Male / Fem.
My parents thought I would be a doctor or a lawyer and my hand writing matches both. I am in Beagles camp with property valuations supporting OCA, the market itself makes OCA an easy trade for anyone who is well in profit and lets face it not a lot of buyers out there today.
Yes, I often cringe at some people's efforts at good England here, but I'm no expert and aren't here to judge. I'm on this forum to listen to people's investment opinions, not critique how they articulate them. I work with plenty of reasonably intelligent people that can't seem to put things on paper well, or say things like somethink etc, but you get to point where you have to look past all that, otherwise you go nuts! Show me an Internet forum where everyone uses good gramma.
20/20, I think if you are trading this stock 1.40-45 was a good price to sell. A good buy will be 1.20 on the basis of the chart. Now the chart people may disagree with my view of the paint (Chart). As for the long term estimate of value i will wait for the FA reports. Im not concerned about the gramma only the Alpha Beta.
Regardless of what the charts say, I reckon she's all going to be at liberty of the Dow for the next week or two. Predicting a little bounce tonight, followed by a tough Friday in the US to set NZ up for a rocky week next. Whether we see ~120c remains to be seen, but better scratch together some powder just in case :-)
At least OCA didn’t close at the day’s low
That would have been bad
rocky next 2 weeks? experts say 12 months to get a vaccine out there to 20% of the world. Anything is possible over the next 12 months and we are always trading to create powder or using it. Our AVE price is about 1.20 across portfolios for OCA after trading it up across it ranges several times for good profits. We lost those profits in AIR! A bit like a balloon that got popped!
Herald article...suggesting Mr Orr to pull LVR trigger.... because the housing market is over heated....might see OCA down to $1.20?
Was wondering when we might see that, probably not a big surprise to Mr Market. Where I live it's so insane you don't know a property is for sale until the sign goes up with a sold sticker on it. Putting the LVR restrictions back in place will put the brakes on a little, but will likely cause a bun fight between now and its implementation. I expect it will take more than that to actually reverse the trend, and interest rates won't be going up anytime soon. Nothing to read here for OCA IMO.