Monday, February 4, 2013

Trading Buy: Osim. Share price 1.86.

Osim broke above the key resistance at 1.815 last Friday after its results announcement. Ascending triangle formation break out could signal more upside in the short term. Has tested the 1.815 level since Dec last year till now for about 3 times. Broke out on Friday noted. A break above 1.90 could pave the way to 2.00.

As long as 1.815 new support level holds, can head higher to find new resistance. Psychological support at 1.80 too.

Stop loss at 1.79.

No comments:

Post a Comment