OEL 8.33% 1.1¢ otto energy limited

technical update, page-384

  1. 3,095 Posts.
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    My divergence indicator is still reading Type-A bullish - it's the most reliable indicator I have in my toolbox and is the only reason I haven't sold. In this case as well it's very strong so I'm expecting it to trigger. In a nutshell it continues to indicate that a low is near, or possibly even locked in today - albeit some retesting of today's lows may still be needed. My tolerance to further downside is limited yet I can't ignore what this indicator is saying. This has certainly been a very painful process though & OEL's communication as always remains SHITE ! Above 5.6c is the key - anything below is just no mans land ! E .
 
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