… With a 2,45% drop. Not to much to worry about, since we are still in a tight range. But as mentioned a couple of days ago, investors seem to be undecided and are still waiting for a clear direction. Thus if we break out (up or down) there could be quite a move. Given we […]
Continue reading…
Technical Analysis
Big movement should be incoming in AOI. Question is up or down…
… A long and choppy phase signal the coming of a significant move. Soon we should know it´s direction, but the risk averse person may want to be cautious ATM.
Continue reading…
Some crude TA on AOI
Just some interesting similarities from historic price movements. Take it for what it´s worth.
Continue reading…
Nordea continues to buy (June 18) * Updated
Yesterday we had a potential reversal for the Africa Oil share with the daily candlestick leaving a long bullish tail, and on high volume nonetheless. So far today we see Nordea continuing to load up (6 days in a row) with 140k shares net bought so far and seems to be ackummulating efficiently by mostly […]
Continue reading…
Latest Technical Analysis on Africa Oil share (June 5)
In the last Technical Analysis update we pointed to an Inverted Head-and-Shoulder formation potentially forming. Thankfully it seems that the share managed to bounce soon after, thus seemingly forming the right shoulder signalling an uptrend. Again anything can happen and in the case of a prospecting company like Africa Oil it will be the fundamentals […]
Continue reading…
Latest TA and FA calculations of the Africa Oil share
Latest TA from Canadabulls.com Signal Update Our system’s recommendation today is to STAY LONG. The previous BUYrecommendation was issued on 2014-04-23, 12 days ago, when the stock price was 7,9700. Since then AOI.V has risen by +6,65%. Market Outlook Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. […]
Continue reading…