OSH breaking upside from triangle and is very bullish with higher lows on weekly and daily charts for some time. Its run over the last peak of $3.44 now @ $3.46 so the close today is important in case the stock decides to double top or retrace slightly. If that prooves to be the case I'd be buying more before it takes off. Technically - Its a perfect buy - twice,its broken its last peak upside from the triangle, and it also broke its recent down trend (on 3-1-07) - another bullish (buy) signal.
Fundamentally, oil moguls now predict an increase in demand for oil in both the US and Europe with the winter (especially in europe) kicking into full swing now, in other words they may have underestimated the demand because of the recent cold snap O.S. so you could get a increase in poo which will also help.
I like it.
You dont have to take my word for it though - as usual - DYOR I'm a biased holder.
Cheers
Always surf'n the clouds - search'n for blue sky....
OSH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
