ODA 0.00% 18.0¢ orcoda limited

SMA chart starting to look very interesting - Chart attached but...

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    SMA chart starting to look very interesting - Chart attached but summary:
    - A close above 4.8c is a break of the descending trend line from the November highs;
    - Would represent a bullish break from a descending triangle with a target above the previous highs;
    - MACD has been trending up since February and is poised to cross the zero line (it did briefly intra day);
    - RSI broke its down trend in February and continues to trend higher but is far from overbought;
    - Stock closed the gap at 3.9c back on the 3rd March and has now bounced off support in the low 4c on 3 or 4 occasions now.

    Fundamentals could well support strong technicals if there is a positive announcement on cash collected as well. Could be very powerful if future moves (technical) are underpinned by operating metrics. SMA Technicals.png
 
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