OLE 0.00% 0.4¢ olea australis limited

forming a second breakout pattern

  1. 6,427 Posts.
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    This is a stock that I have been watching for a few months. Have not purchased any due to limited capital at the time, but is starting to look like it is forming for a second breakout.

    There was a lot of interest with high volume through early September, and then a pull back to just under its previous strong resistance. There was a break a few days ago. There was some buying, although not extreme volumes prior to its recent breakout.

    Would try and pick up stock around the 10c - 11c. Do not force it by paying up at this stage as it will probably drop back to 10c level.
 
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Currently unlisted public company.

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