OSL 0.00% 1.1¢ oncosil medical ltd

Ann: Oncosil breakthrough device receives CE Marking approval, page-129

  1. 206 Posts.
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    Abloke, since you have asked, here is a chart to give people some possible bounds based on technical analysis.

    Look at the long trend line (blue) which was plotting from 07.2017 @ 0.085 to 04.2018 @ 0.115 then extended all the way to the right. This line has provided support of 01.2019 @ 0.150 and 03.2019 @ 0.145 just before the BSI crash. Later it became the resistant for the 2 peaks of 0.210 and 0.215, so the weekly closing around those weeks were at or around the line. More magical is the CE Mark approval pumped the SP right up to that resistant @ 0.200 exactly. Sometime I wonder if the professional are watching this chart too in doing their trading.

    • Short term lower bounds could be $0.08 (trough on 13.03.2020) or $0.09 (support from 10.09.2019)
    • Lower Fibonacci levels are 0.095 and 0.065
    • However if there were good news, higher Fibonacci levels are 0.120 @50%, 0.140 and 0.175.

    Technically, OSL is still in a long term uptrend! At this level, the SP is super cheap considering a potential market of $1b which represents $1.58 per share of annual income. ($1000M / 69.37M mkt cap = $1.58)

    If you like more of these charts and analysis, please click the "Great analysis" button for encouragement wink.png

    https://hotcopper.com.au/data/attachments/2103/2103172-2f34f0612d21dba52b8c976939258bb2.jpg
 
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