very nice, I'd never advise to average down that can be foolishly dangerous i.e SGH, VOC. If you have enough skill it is possible to identify the the long term range and buy when the price dips below the lower trading range you can really achieve great value opportunities i.e NHF, IVC.
The situation, or the perdicament that is faced with trading bio micro's is the irrational share movements. Normally lots of big volume/price fluctuations around trials/results and long periods of sideways/descending consolidating periods through the quieter months. What is appealing IMO is OSL appears to have had a sustained period of descending consolidation and now has started to test a vague lower range trend line showing decent support at $0.08.
The time of entry and exit is perhaps the single most important thing when undertaking a trade in this sector and if you aren't content on seeing massive swings in the value of your holding the buy and hold method may not be suitable to your risk profile. IMO $0.12 is there to be taken within 3 months, this might be worth a trade once I fully complete my due diligence.
My very basic analysis 2017 appears to have the juice.
OSL Price at posting:
8.7¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)