OBJ - Solid volume again today, high of 2.5c. VWAP is 2.3c today and around 2.5c on the week. The volume this week is 653 million already, this means basically the entire shareholder base has changed hands this week if you exclude the Directors and a few major shareholders. So most people who are in OBJ are sitting on stock at aroun 2.4-2.5c, which means it is currently selling at a discount to what most holders are holding at.
I think with its move up past the 2.2c range, it could break out pretty soon, and then we could head towards 3.3c again. Nice to see this stock moving steadily up, which will mean it has a more sustainable rise than when it shoots up quickly.
Still in my opinion the best stock on the entire ASX, in terms of risk reward. There should be further annoucmenets shortly re:their very secretive agreement, and then we could see this trading in excess of the 4.5c range based on its Fibonacci indicators.
For those already in, I think this will be an exciting ride.
Good luck to all holders.
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OBJ - Solid volume again today, high of 2.5c. VWAP is 2.3c today...
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