AOK - Australian Oil Company

Just wanted to participate in the Aug stock tipping comp. Here's the current chart. Only reason I picked this stock is the upward momentum through Jul and the recent pullback. I'm no chartist and I don't know anything about the company so I'm expecting to be awarded the wooden spoon for the August tipping comp.

Absolutely no love for this stock for some time on this forum, but there certainly has been some price movement over the past couple of months in this stock. A bullish outside week potential was detected in scans at the end of November, which activated at the beginning of December. Remaining mindful of resistance from June 2023 ($0.013), SGC now appears to be making another leg upwards as can be seen in the daily chart below, with momentum indicators potentially strengthening along with the share price increase.

On August 13th, 2024, Sacgasco Limited (SGC) changed its name and ASX code to Australian Oil Company Limited (AOK).