G'Day shift4. It was interesting to see OXR bounce off that long term high point (not really a trend line) of 38 cents back in Jan '96.
TA dogma would assert that there would not be too many sellers after such a long period.
Impossible to say but I would not be as confident as you seem to be that the gap will closed. The price today gapped through 34 cents, (the previous high established on Jan 14) on huge volume. TA would suggest that 34 will be a strong support level.
Chuck
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