OTE 0.00% 0.3¢ otis energy limited

resistance is useless, page-5

  1. 8,827 Posts.
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    Sorry Rumot, its not my place to have a go at you we are all intitled to our own opinion, but I must disagree with your statement that the OTE needs to get use to its new level .006 due to a resistence at this level, but OTE was trading at .017 last November and has been trading in a range from .004 - .006, hitting .007 in April this year, then having a decline to .003 in June, since June it fell to .002 and has traded between .002 and .003 since then, it has gone up on news of the flow rate at OTE's latest well.

    Now if we look at the sell side what we see 31m shares sitting at .006 and 8m for .007 so at our current volume it would not take much to push the sp passed .007 but we need more good news
    But there are still a lot that would sell at .007 waiting in the wings

    DYOR
 
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