After buying in on Wednesday and stocking up further on friday...

After buying in on Wednesday and stocking up further on friday due to the strong open, the very weak close has me concerned. The close was at $2.75 (low of the day). Just going through possible scenarios & throught I would share:

Up potential:
-Daily Volume Index suggests that fridays low was not supported by strong selling off, due to the weak volume
-Stoch has recently turned up
-Recently broke through heavy resitance at $2.57-2.64 and has maintained this break out for the last 10 days
-last testing of support resulted in a bounce
-Daily highs are consitantly higher and daily lows are consitantly higher
-A positive day for the ASX on monday will pull OST up
- Large OST/XJO spread

Down Potential:
- MACD > Signal
- Closed on low of day hence heavy sellig at open on monday
- Low volume. Potential of trend reversal
- Weak opening in ASX due to lackluster performance overseas on Friday night

So overall, looks like OST is going to fall short-term to retest either breakout support at $2.64/5 or trending minor support at $2.72
Hoping for a repeat of wednesday, with a weak close but strong open the following day. It was a friday hence people looking to reopen positions monday.
P.s. this is a short-term trade only.