Thinly traded stocks such as OVN are susceptible to wild swings such as we have recently witnessed. Looking at the charts, it could be assumed the low of $0.515 hit 28/10 was the bottom but it will take a few days of accumulation at higher prices to call that price a short term bottom.
Fundamentally, the share shows positive signs imo and is worth persevering with causing the writer to add on the recent dip. The story is sound and competitors shares in the sleep apnea business have been going gangbusters of late.
TA wise the share could creep back into the 70c range within a couple of weeks with further volatility along the way. Traders could easily get burnt playing this share but I believe those with some patients will be rewarded in the long run. DYOR
Some more news would be welcomed.
OVN Chart, page-92
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