RE: Should I buy?4 May 2022 17:29
casapinos, fundementals are not really my thing but i like your write up and views of OCDO, to me fundementals are all guess work as share prices never imo properly represent any company listed on the stock exchange, i prefer to try read the technicals.
https://ibb.co/gvP7Br4
Ignoring the share price and trying see through to the bigger picture, my view is its about to turn around, the daily charts shows the drops are flattening out now and running out momentum, MACD is looking at near bottom, we have had 2x Doji candle sticks showing equal amount of buying and selling in tight range, the volume also does not match what im seeing on the price action which says to me, there is background order filling taking place. Look at the large spike in buying volume yet little to no action on the share price.
With such massive drops it will take time for confidence to come back into the share, big sellers in the background and mm's taking advantage of fear in the market right now but many are sitting and waiting on the side lines like yourself to buy, when it does make its next move and it will it will be with equal if not more momentum in the upwards direction. Fingers crossed this war is over soon.
ATB ND