i cannot post charts but have a look at the weekly chart. this reflects more acurately what we are seeing in obl.
the retrace this week is similar to last week and the wick of the candle is the same length. we are still within the bollinger that is trending up with us. . . . on the daily chart I would suggest that the next week will not be for the faint hearted. . . . it is possible that the market is setting the stock up to fall (temporarily) through the uptrend line (and trigger stop losses) so it can then move it aggressively up towards 0.8+
i am not selling my lot for a while yet but i am also prepared to see it being played with a bit more before we hit 10 cents (my target is 13-14 based on charts - fundamentally, i cannot quantify it as yet).
OBL Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
