Forum Topics OCL OCL Bull Case

Pinned straw:

Added 3 months ago

Technically, the shares have responded well after a slow start since the FY earnings report.

They are sitting at/near new 52w highs, and above a well known area of resistance up to $14 which has been a barrier a few times looking back 12-18 months.

There is further overhead resistance at several points up to the all-time high above $20, but assuming the company delivers on its targets, it should get above those levels eventually.

thunderhead
Added 2 months ago

The technical behaviour had been great since reporting. Broke out of longer-term resistance, came back to test it (at the recent low of around $14.25), and steadily climbing now. A healthy picture of price action.

Too bad I didn’t go on for another parcel at that $14 level. Them’s the breaks!

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