OEL 0.00% 1.3¢ otto energy limited

Locking in a low

  1. 3,067 Posts.
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    Ok time for a new thread to add some positive vibes back into the forum. I've stared at this chart long enough now so am going to stick my neck out and call a major low at 3.3c. First confirmation of this will be a move above 4c that sticks, with the first technical target post this being 4.7c. Which is exactly where the 200 day MA is presently sitting and acting as dynamic resistance. If 3.3c holds then from a timing perspective am anticipating the 4c breakout to occur within the next 3-4 weeks which will give the chart patterns down here some needed symmetry which is important.

    No point looking any further ahead than this with the chart still being so brutally damaged and proof still being needed that 3.3c is strong enough to hold. MA if you can announce a share buy back or some other capital management strategy to give me a hand, that would be appreciated - TOOT ! E.
    Last edited by ecneitap: 17/01/20
 
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