Breaking below 20c as it did been seen as a bearish technical signal but there reaches a stage of the price cycle where fundamentals will make technicals redundant.
I'm sure a pure chartist could make a case that 19c was a technical bottom rather than 20c but I believe the sp touched a market cap where the fundamentals became too compelling too ignore.
Having said that I have a short term technical target of 24.5c for one trading parcel, will keep my second trading parcel for exit via trailing stop loss and my third parcel I'll keep until I think a fair value has been reached - all else remaining static about 45c.
OMH Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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