Hey Missionx Short term resistance must be taken out first.. Gap resistance at 1-85 to overcome by a close higher than 1-85...that is what i am looking for to signal a nice bounce. Chart looks like this, I plugged in todays open and low, obviously the high and the close will not be correct, i just used 1-80 as that was the market price when i checked. What is great to note is the 1-63 low has held 3 times. Also I see a sideways channel between 1-63 and 1-85 ish over the last 3 weeks, a close above 1-85 would simultaneously see a break out of the channel and the end of the "gap" resistance. My take on things only, I have been fully expecting a rally for a month now.. lol. cheers Commy
OZL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held