OCC 2.60% 39.5¢ orthocell limited

Never fun seeing it decline :(Looking at the daily, it looks to...

  1. 118 Posts.
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    Never fun seeing it decline


    https://hotcopper.com.au/data/attachments/3495/3495689-6a52148c3cb36e04eda7dc554c9a351e.jpg

    Looking at the daily, it looks to have broken out of the formed channel, previous support/resistance looks to be in that 47-48c zone.

    https://hotcopper.com.au/data/attachments/3495/3495693-ae8ca97d05b0446ffc9276c913dfe3c5.jpg

    Weekly chart would be the next go to for support at 44c should the above daily fail. This will also hopefully bounce off the 128 ema which has previously been used as a point of resistance.

    With (hopefully positive!) news around the corner, I’m not in a panic, happy to hold.

    Last edited by juniortear: 21/08/21
 
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