Hi Surat - I wouldn't pay too much attention to the technicals, especially for a pattern like this one. However, I do think that given the cap raise, Orbost and possible JV for the nearology nova nickel play, we are looking very good from here.
I think they are awaiting the normal process for approvals, they take a bit of time, and then it will be all systems go.
I normally enter and exit on technicals, but for ORO it is more of a fundamental play. Technically we are bottoming out and forming a nice base. This is a multibagger play in the portfolio.
DKO Price at posting:
0.4¢ Sentiment: ST Buy Disclosure: Held