Forum Topics OCL OCL Bull Case

Pinned straw:

Added one year 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 one year 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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