The Brains Trust, page-1815

Just to weigh in on OZL, it's on a long-trade watchlist for me and is early in a long term uptrend. Yes Captain, the monthly is key.

However, OZL has broken down through my Trend Line on the Weekly chart. I'm not sure if this is the start of the Wave 2 back down yet, could start from higher levels still, but nevertheless shorter-term it needs to have a good Wave 2 correction and clear reversal up before I'd enter long.

There is a strong support at $6.00, being 50% of the rise and some horizontal levels. A few support levels also above that, but a retrace to $6 and bounce would give a very nice chart structure.

Re Telecomms, although I've never traded it before TPG Telecom (TPM) got my attention this week and I'm assessing it for a long trade. Just want a little more confirmation but looking good.