Sunday, October 23, 2016

Chart[28] - AP Oil

The counter saw accumulation activities last few trading days. On 18th Oct, company announced joint venture business plan. Next day, company director increased shareholding on the company. Last trading saw price surging 10% with significant volume.

Looking backwards, similar activities ever happened last year July. Price ceiling was 0.32. It would be interesting to see whether history repeat.

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