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1.2¢ otto energy limited

new technicals, page-2

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Frosty1

314 Posts.

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28/10/21

16:55

Post #: 57153039
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Originally posted by ecneitap: ↑

Hope people don't mind me starting a new thread here on the technicals - especially as we are starting from scratch again off the all-time lows and looking for a new bull trend to potentially begin (hopefully !!).

For now, it's all pretty straightforward - the 1.5c - 1.6c price zone is an old support zone stemming back to 2016. So it's now acting as major resistance and in my view, this is a key area. Basically from here to start seeing some smooth sailing north, we need to witness price close at 1.7c or above - ideally on an end of week basis to provide confidence. When price tries to break strong resistance in any market, it generally sees the first attempt fail - we saw this in April. So we are now seeing price action making a second attempt at it. I will be pretty stoked on any end of week close at 1.7c for two reasons - the first is that it will be technically significant / the second is that this is my breakeven number !!! LOL !! E.

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Doesn't go up in a straight line E, I suppose. Might give a counter trend entry, on the technicals, for you to add some more. I' looking forward to above 1.7c as well.

OEL Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.54M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$9.434K	786.1K

Buyers (Bids)

No.	Vol.	Price($)
4	2365954	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	4046353	6

View Market Depth

No.	Vol.	Price($)
3	2315954	0.011
11	14566233	0.010
2	5100000	0.009
2	245123	0.008
7	1836283	0.007

Price($)	Vol.	No.
0.012	4046353	6
0.013	14117765	18
0.014	6216336	10
0.015	4859572	9
0.016	48000	1

Last trade - 10.06am 25/07/2024 (20 minute delay)

OEL (ASX) Chart