I really think technically OXR has some massive problems now
It's broken the 200 day MA on the long term chart very clearly. I think it's pretty much finished in terms of the uptrend and will slowly go down back to longer term support much further down.
It'll have it's bounces along the way, but I think OXR has broken it's long uptrend...
You can argue all day about it's fundamentals, but the chart is very bearish now.
Have a look at ANZ how it will probably pan out, you can see the dead cat bounces it that one proceeds down![]()
OXR
oxiana limited
I really think technically OXR has some massive problems nowIt's...
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