Dear all

Based on Chart 1 below, Oxley seems to be an interesting stock. Last Fri (9 Sep 2016) was the T+6^th day after its sharp rally. The recent price decline from $0.445 was accompanied with weak volume. (My personal guess is that contra players have been taking profit for the past few days). Broadly speaking, the stock has been stuck in a one-year trading range between $0.380 – 0.460. ADX has declined from an unsustainable 69 on 2 Aug 2016 to around 37 on 13 Sep 2016. All the exponential moving averages (“EMAs”) have stopped their declines with 20D, 50D and 100D EMA moving higher. 20D EMA has formed a golden cross with 50D EMA and on the verge of forming one with 100D EMA.

RSI has declined from the recent high of 80 to around 60 on 13 Sep 2016. For the recent two ...