Interesting. I reckon that the current support is at 17.5c . The 17.5c price is also the fibonacci 77% retracement level of the previous leg up. My prediction is that the price may hover in this 17.5c to 19c range and then commencing an uptrend.
Looking at the momentum indicator RSI the uptrend may start in the next few days, because the RSI is currently at 31 which is just under a previous RSI low. It also shows that the shares are close to being oversold, therefore an uptrend is more likely than a downtrend.
This company's chart is looking promising. Add in the large trades and it is a good stock to hold.
OSL Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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