Time to revisit OSL's Chart. A few TA signals have been triggered!
On 22.07.2020, the daily Accumulation/Distribution chart has broken out of a 4 month daily downtrend. Since last week, the chart is indicating that more people are accumulating i.e. buying more than selling.
While the SP is having a 4 month sideways consolidation, and a "sausage" is now formed in the Bollinger Band; meaning the next move, whether up or down, would be explosive. With the backdrop of the SP entering an accumulation phase, the next move would most likely be up.Obviously the next resistant is at 14c. Once that is broken, the next target would be the 50% retracement at 16.5c then 61.8% Fibo at 18.5c.
The imputes could come from an announcement of the first sale of Oncosil Implant in either EU, UK, Singapore or New Zealand.The current SP is ridiculously undervalued. OSL has a $2b target market, even achieving 5% would translate into $100M/year recurring income which would double today's SP. At around A$25,000 per sale, that's only 4,000 patients/year and it is realistically achievable.This is only my personal opinions. DYOR!
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