re: foolish if u haven't bought oxr OXR hit very close to a heavy duty resistance line on my Long term(wkly ) chart..it got v.close to the line at 65 earlier this week.
The rising res line will intersect with a price of approx 67 cents for this & next wk..I cant see it decisively breaking this area without a healthy retrace first ...low 50's wld be a logical retrace target ..but it cld just go sideways for a while instead of retracing if metals markets remain sufficently bullish imo...I exited half position Tues & the rest yesterday.. fwiw
OXR
oxiana limited
