MARKET TALK: OXR Charts Support Potential Run To A$1.45 02/08/05 09:48:00+
0949 [Dow Jones] TECHNICAL ANALYSIS: Oxiana (OXR.AU) charts support upside
potential from Xstrata takeover rumor. OXR nearing resistance from symmetrical
triangle pattern at A$1.07, break of which should spark rise to A$1.14, then
A$1.30. OXR could reach A$1.45 in 12 months. Support should now be located at
A$1.00. Around 10.5x consensus 2006 EPS of 9.8 cents, OXR looks reasonably cheap
on fundamentals. OXR last A$1.03. (DWR)
OXR
oxiana limited
