OCC 2.60% 39.5¢ orthocell limited

Well it managed to bounce off the 0.44 as support indicated....

  1. 118 Posts.
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    Well it managed to bounce off the 0.44 as support indicated.

    interesting little rise we have had the past few days. But I’m a bit confused as to where it goes from here. It’s currently above both the 200 SMA (Light Blue) and 128 ema (Dark Blue) breaking through recently.


    \https://hotcopper.com.au/data/attachments/3688/3688289-33fdc71227afd6bd18ffa5813d1b1c63.jpg


    My concern is the declining volume, if the price goes up but the volume is declining is that a bearish indicator?

    I did a search and found this info snap. But i find it hard to believe given the support in place.

    https://hotcopper.com.au/data/attachments/3688/3688297-8864c1e382f12b5708930134fb9acadc.jpg

    I know news is incoming but purely from a chart perspective would be good to know what I’m not seeing.

 
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