OEL 0.00% 1.3¢ otto energy limited

What's going at the moment with price action is frustrating yet...

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  1. 3,102 Posts.
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    What's going at the moment with price action is frustrating yet it's positive. Still waiting for the break out above 6.5c to occur but it will happen IMO, and sooner rather than later based on yesterdays volume and combined with some reasonable volume today perhaps. Yesterday was a hugely productive distribution day - it probably knocked out of the way a month of normal price churning in just one day and has therefore sped up the process towards a breakout. I for one am pretty grateful for this as when OEL churns, its like watching paint dry !! Ideally would like to see 6c smashed today and a slow creep back up towards 6.5c to set the scene for next week. 5.9c keeps reloading at the moment so hopefully there is no need to fill the gap at 5.7c although no biggy if it does. E.
 
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