The stock will find a bottom, question is when. Looking at the chart it's dropped 50% in pretty much a straight line.
Looks ripe for a trade and perhaps even pick up a dividend on the way through. All the upside from metal prices and pipeline projects/exploration upside has been priced out. Still could drop lower but it's got to be close to a massive short covering rally. Perhaps the trade should be short ASX resource index, long OZL?
- Forums
- ASX - By Stock
- OZL
- oversold
oversold, page-13
-
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost