Hi, genius, what so-called chart to tell you?Chart only reflect traders’ emotion, I mean a group of traders, not a single one. It can not reflect the company’s real value. That’s why cheerleaders are so important to both hotcopper and SP. Nearly every hot stock have cheerleaders. eg. RDN, mode1971, DTR as well, hot stock needs cheerleaders to persuade you, poor retails to buy.
Back to ozm chart. Ozm trading volume so low means only retails to buy and sell, no institutional investors involved.
The resist price for ozm are 0.088c, 0.098c and 0.12c, the support line are 0.073c and 0.060c. If price breaks 0.088c, then next resist price is 0.098c, Ozm SP is pretty solid currently, while if it breaks 0.073c, next support price is 0.060. Sound familiar? Logic? My genius man. What I am talking is SP will move either way, oh, my god, what I am talking are totally rubbish.Why? Coz SP either go up or fall, yes also can keep no move. So, did I say something? Sound so, the truth is nothing.
As I said before, if a big news come, no resist price or no support line, do you agree, genius? it only can reflect traders’ emotion.
I repeat SP cannot reflect stock real value, do you agree? My genius man.
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