Just my take on the chart:
- Bounced off strong support at $0.70.
- Broke out of descending channel from July 15th.
- Strong orderbook ratio towards the buyer side.
- Short-term resistance between $0.87-$0.90 range. If broken, we should retest previous monthly high of $1.25. After, there's a large gap up to previous support level at $2 (Broke-down on 6/3/20 & held that support level twice during 2019 bull-run on September & October).
- Upcoming earnings on 1/9. All states except Victoria are running to an almost normal capacity. Victorian numbers are falling & numbers are looking very good on the rolling 5 & 7 day average, the question is are investors feeling hopeful with OML?
TL;DR - $1.25 short term if we break $0.90 resistance. $2.00 gap up from there. Beware of earnings turbulence.
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Last
$1.33 |
Change
-0.045(3.27%) |
Mkt cap ! $723.3M |
Open | High | Low | Value | Volume |
$1.36 | $1.37 | $1.33 | $702.3K | 522.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 877 | $1.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 13986 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1626 | 1.330 |
16 | 25557 | 1.325 |
10 | 9862 | 1.320 |
10 | 20015 | 1.315 |
10 | 35325 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.335 | 13986 | 24 |
1.340 | 20567 | 13 |
1.345 | 10386 | 13 |
1.350 | 19848 | 13 |
1.355 | 4090 | 3 |
Last trade - 13.28pm 16/07/2024 (20 minute delay) ? |
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OML (ASX) Chart |