Tuesday, February 18, 2014

REPOST *********Potential breakout play on volume: Otto Marine. Share price 0.086. (Can the 0.088 clear ?) - NOW 0.089...

Now at 0.089, Let’s see if it manages to stay above the 0.090 psychological level as mentioned yesterday…….
 
Sent: Monday, February 17, 2014 2:58 PM
Subject: *********Potential breakout play on volume: Otto Marine. Share price 0.086. (Can the 0.088 clear ?)
 
Otto Marine currently at TOP 10 Volume has broken the 0.083 immediate resistance. Likely to trade within the range of 0.083 to 0.088 within the next few days. Monitor closely for a breakout above 0.088 and confirmation at 0.090….. if it does happen, poised to trade higher on momentum to 0.095 to Critical 0.100 resistance level. Also note the pulling away upwards from the 20 DAY MA Green line finally after being alongside for the past 1 week.
Stop loss at 0.081

NEWS - 13 February 2014
*Otto Marine: Clinched a US$11.3m long term charter contract for its 2,800 bhp AHTS vessel, Go Emerald, to be deployed in Western Australia.
 

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