Osaki on DOR

Thursday, 6th March 2014 14:10 - by Osakisushi

I did an article elsewhere, about a month ago, on Doriemus. Due to a request, I’ve opted to revisit my projections to see what actually has happened.

I’d presented a suspicion the share had some bottoming to do and speculated 0.125 would be ‘it’.  As the chart shows, Job Done as the price bottomed and importantly DID NOT break the Downtrend from 2005. This is fairly signficiant as it suggests the share price is being watched quite carefully and I’m not the only person capable of drawing a line from March 2005. The price sure as heck bounced from the trend but importantly, did not manage to close above 0.22p, something I’d calculated as critical to allow the price future growth of strength. What I’d gotten wrong was my BLUE trend line on the chart. I’d made an assumption the share would challenge 0.22, coinciding with BLUE, and rebound.

It didn’t.

Instead, it exceeded BLUE for a few days. Then rebounded from somewhere there wasn’t a trend anyway… But the calculated 0.22p level certainly appears critical. In the event of the share either CLOSING above this or trading intraday above 0.265, continued growth to an initial 0.31p remains my expectation with secondary, if exceeded, at a future 0.365p

Of course, if it now breaks that Downtrend from 2005, 0.9p becomes best guess as to the shares drop potentials.