Seeing more buy ups today from yesterday’s note…..
High at 1.77…
Likely to see some profit taking near 1.80…
MACD still looking positive, let’s see when to take profit….
Recent Email:
Sent: Tuesday, September 27, 2016 11:09 AM
Subject: ************ OUE: Resistance for the year cleared, a positive above 1.70, price 1.725
Subject: ************ OUE: Resistance for the year cleared, a positive above 1.70, price 1.725
OUE has traded below the 1.70 key level since the beginning of the year and has tested once only to fall back below. We are seeing the short term 20 day MA line start to slope upwards and have recently crossed above the 100 day MA line signaling a reversal in the mid term. Today, we have seen the breakout above 1.70 which can see the upside continue as long as 1.70 remains as the new support now. Target can be to 1.80 then 1.90 in the near term. MACD in positive territory with a upside crossover too which can seem momentum returning above 1.70.
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