Just my take on the chart:
- Bounced off strong support at $0.70.
- Broke out of descending channel from July 15th.
- Strong orderbook ratio towards the buyer side.
- Short-term resistance between $0.87-$0.90 range. If broken, we should retest previous monthly high of $1.25. After, there's a large gap up to previous support level at $2 (Broke-down on 6/3/20 & held that support level twice during 2019 bull-run on September & October).
- Upcoming earnings on 1/9. All states except Victoria are running to an almost normal capacity. Victorian numbers are falling & numbers are looking very good on the rolling 5 & 7 day average, the question is are investors feeling hopeful with OML?
TL;DR - $1.25 short term if we break $0.90 resistance. $2.00 gap up from there. Beware of earnings turbulence.
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Just my take on the chart:Bounced off strong support at...
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Last
$1.33 |
Change
-0.050(3.64%) |
Mkt cap ! $716.5M |
Open | High | Low | Value | Volume |
$1.36 | $1.37 | $1.32 | $963.3K | 719.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 11006 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 11447 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 9498 | 1.320 |
10 | 14956 | 1.315 |
13 | 38909 | 1.310 |
9 | 18499 | 1.305 |
10 | 57772 | 1.300 |
Price($) | Vol. | No. |
---|---|---|
1.330 | 11216 | 25 |
1.335 | 20977 | 20 |
1.340 | 20356 | 11 |
1.345 | 7692 | 11 |
1.350 | 7101 | 7 |
Last trade - 15.08pm 16/07/2024 (20 minute delay) ? |
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OML (ASX) Chart |