OCA - Oceania Group - retirement villages

[BlackPeter]

Is that one of those head and shoulders pattern forming on the chart .....hope not but share price could go back to 79 cents

Nobody though HGH would fall back to 131 when some saw a H&S pattern ....you never know we could possibly see another bargain of the century buying OCA at 80 cents (30% off its highs)

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?

[winner69]

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?

Use ypur imagination mate ....and you might see it forming .......just doesn't have a very deep neckline

[Beagle]

Is that one of those head and shoulders pattern forming on the chart .....hope not but share price could go back to 79 cents

Nobody though HGH would fall back to 131 when some saw a H&S pattern ....you never know we could possibly see another bargain of the century buying OCA at 80 cents (30% off its highs)

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.
OCACHART.jpg Looks to me like most of the damage has already been done.

[winner69]

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.

Yep ....and you recognised it before most did

Played out nicely from the highs of 214 and 130s became more inevitable as time went on.

I see NZX still has HGH in negative territory on their 52 week change line

[Beagle]

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.

[winner69]

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

[macduffy]

“Imagination is more important than knowledge.”

Beware, though, of the overactive imagination!

Accept that OCA's shareprice will jump around until Maq's signals its further intentions for its holding.

[winner69]

“Imagination is more important than knowledge.”

Very profound of you macduffy

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

[Leftfield]

OCA broke down through 100 day MA support at $1.15. ... 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.

Can someone please enlighten me why the 'Macquarie overhang' is seen as a risk?

[stoploss]

Can someone please enlighten me why the 'Macquarie overhang' is seen as a risk?

The risk is say you purchase at $ 1.00,
Macquarie then go and smash out 10% of the company at 90 cents ..,
So the risk is you purchase and maybe miss out on a bargain the next day .