OIL 9.09% 20.0¢ optiscan imaging limited

Beautiful looking chart set up with some really bullish...

  1. 143 Posts.
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    https://hotcopper.com.au/data/attachments/3074/3074206-95051f59013738613798121a3329549f.jpg

    Beautiful looking chart set up with some really bullish indicators:

    • Breaking out of the Ascending Triangle on decent volume
    • Open and Close both above the resistance zone
    • Understand there was a high of 0.275 on 23rd Feb that we haven't closed over. But the resistance at 0.255 is more significant to me, having bounced off it twice. Hence the resistance is more of a zone.
    • MACD line crossed over yesterday and a clear consolidation pattern on the histogram. Both indicating a shift towards positive momentum

    Watching the price action today, there was definitely some good profit taking after yesterday's price rise, but it was matched by really good buying and two days in a row there were some big buys towards end of the day. This is a really good sign of strength in the stock.

    A good announcement now would be perfect timing and could confirm the breakout on even better volume, pushing it to low-mid 0.30's

    Let's see how this goes.


 
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Last
20.0¢
Change
-0.020(9.09%)
Mkt cap ! $167.0M
Open High Low Value Volume
22.0¢ 22.5¢ 20.0¢ $29.60K 142.3K

Buyers (Bids)

No. Vol. Price($)
2 44267 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 13834 1
View Market Depth
Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
OIL (ASX) Chart
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